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NIO - In a Reversal Tesla Will Now Use Existing Platforms to Build Affordable EV

Electric vehicle giant Tesla has announced that its affordable EV will be built on the company's current production lines rather than new platforms. Rather than introduce a next-generation EV platform for the long-promised electric car, Tesla will tweak the affordable EV's production plan and develop the car on existing Tesla platforms.

Every major electric vehicle startup and established automaker is desperate to produce an affordable electric car for the...

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Stock Information

Company Name: NIO Inc. American depositary shares each representing one Class A
Stock Symbol: NIO
Market: NYSE

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