Nio calls for 'open attitude' amid EU subsidy probe

Nio CEO William Li — Nio CEO William Li during the New World Energy Vehicle Congress at the Munich Motor Show on Sept. 6, 2023. Li, responding to Europe's probe into subsidies for China-made EVs, said this week lessons to be learned from the country's new energy vehicle development were to be open and welcome competition to benefit users and global sustainable development. (BLOOMBERG)

R

By:

Reuters

September 21, 2023 02:07 PM

SHANGHAI — The head of Chinese electric vehicle maker Nio said on Thursday he hoped all governments could have an open attitude rather than be isolationist, after the European Commission launched an anti-subsidy probe into Chinese-made EVs last week.

Featured Stories

Trump hails Hyundai’s $21B plan for U.S. expansion as vindicating tariffs

Trump hails Hyundai’s $21B plan for U.S. expansion as vindicating tariffs

Auto tariffs unlikely on April 2 as Trump weighs more targeted reciprocal levies, reports say

Auto tariffs unlikely on April 2 as Trump weighs more targeted reciprocal levies, reports say

VW of America’s sales, marketing head Andrew Savvas to depart

VW of America’s sales, marketing head Andrew Savvas to depart

Nvidia-GM deal underscores a shifting auto technology landscape

Nvidia-GM deal underscores a shifting auto technology landscape

Latest News

VW of America’s sales, marketing head Andrew Savvas to depart

Stellantis launches mobile service as customer retention tool

Daily 5 report for March 24: What automakers can learn from Hyundai’s big news today

Trump hails Hyundai’s $21B plan for U.S. expansion as vindicating tariffs

Staying current is easy with newsletters delivered straight to your inbox.

See More in China

Tesla halts driving-assistance software trial in China, pending approval

Xiaomi aims to raise $5.3 billion in share sale to fuel EV expansion

Nio plans more cost cuts with Q1 sales, revenue set to fall short of forecasts

Fewer than 40% of China’s car dealerships made money in 2024, trade group says

Staying current is easy with newsletters delivered straight to your inbox.