Corporate Strategy
Canoo to move more engineers out of California
The commercial EV challenger is concentrating on vertical integration in Oklahoma
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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