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Focus on Electrification

Nio will need to charge Porsche-level prices in Europe, CEO William Li says

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Nio CEO William Li says that higher tariffs on China-made EVs sold in Europe are detrimental to the overall market. (picture alliance / ASSOCIATED PRESS)
NG
By:
Nick Gibbs
December 11, 2024 04:25 AM

Nio will be forced to increase prices close to those of Porsche’s in response to new, higher tariffs imposed by the European Union on China-built EVs, Nio co-founder and CEO William Li said.

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Nio will need to charge Porsche-level prices in Europe, CEO William Li says
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