NIO gets creative with gas-for-electric trade-in push
Subscribe to keep reading.
Trivium Markets keeps you briefed on the latest developments in China markets policy.
Already a subscriber? Log in.
Chinese new energy vehicle (NEV) maker NIO is offering consumers RMB 10,000 in various subsidies to trade in their gas-powered cars.
The offering, announced April 1, opens a new front in the ongoing domestic NEV price war.
NIO is reportedly willing to spend up to RMB 1 billion in total to support ...