China’s Nio Is Optimistic About EV Sales Outlook, CEO Says

Video News
Apr.20 — Chinese carmaker Nio Inc. says electric vehicles now make up 10 per cent of total sales and demand is expected to keep growing. But Chief Executive Officer William Li says the global chip shortage would make the second quarter tough for Nio. The company temporarily suspended production last month. Li spoke exclusively to Bloomberg’s Tom Mackenzie at the Shanghai Auto Show.

Articles You May Like

How FTX ‘death spiral’ spelled doom for BlockFi, according to bankruptcy filing
Amazon Said to End Two EU Antitrust Probes by Year-End to Avoid Fine
Elon Musk Says Twitter Will Add Encrypted DMs, Payments; Claims Signups at All-Time High as Advertisers Leave
Rockstar Games Ban NFTs and Crypto From Third-Party Online Roleplay Servers
Google Accuses Spanish Spyware Vendor of Exploiting Chrome, Firefox, & Windows Zero-Days