NIO - Tesla's Chinese Rival NIO's Firefly Models To Stay Competitive In Europe Despite Added Tariffs Says CEO William Li: Report | Benzinga
William Li, founder, chairman, and CEO of NIO Inc. (NYSE:NIO), has voiced his opposition to the European Union’s newly imposed tariffs on Chinese electric vehicles (EVs).
Despite this challenge, he reportedly emphasized that NIO’s forthcoming models under its third brand, known as Firefly, remain poised to maintain competitiveness in the European market, CnEV Post reported.
Check This Out: Tesla’s Chinese Rival NIO Unveils Plans For Nio IN 2024: Anticipates Launch of Second-Generation Nio Phone Amid Innovations
“The EU originally imposed a 10 percent tariff on Chinese EVs, and now an additional 21 percent has been added, raising it to 31 percent, which is ...