Vehicle Sales
Timetable for more affordable Tesla slips further
Musk no longer dangling the possibility of a 2024 rollout of his firm’s new offering
Corporate Strategy
Nio cuts prices to try to arrest negative sentiment
Chinese premium NEV maker reverses one downgrade, but analyst doubts remain
5 min read
China’s Nio has seen a rebound in its share price after it announced price cuts, following a slump that had dragged shares to their lowest in three years at the end of May. The firm’s New York-listed price jumped by almost 9pc on Monday to $8.40/share (see Fig.1).
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Chinese OEMs
BYD signs Turkey plant deal
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BYD partners with European fleet management firm
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Chery brands launch in UK
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The Chinese brands that will still win in Europe
Analysts agree that EU tariff bumps will not prevent China’s OEMs from taking market share. But which will prevail and why?