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.
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“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 ...