NIO Continues to Expand in Europe Despite Tariff Challenges
NIONIO(NIO) zacks.com·2024-05-27 20:30

NIO Inc. (NIO) continues to expand its presence in Europe despite regulatory and higher tariff threats from the European Union (EU).Per William Li, the founder, chairman and CEO of NIO, in case the EU substantially raises the tariff, the carmaker will make a reasonable business decision. It would delay or cancel the launch of its new mid-range and future entry-level models in Europe.The company recently opened its new showroom called NIO House Amsterdam, which is the carmaker's largest NIO House in Europe. ...