Nio cuts Q1 sales forecast amid tepid demand 😞 A price war sparked by Tesla in China has hit domestic EV companies, including Nio. #EVsales #TepidDemand
A price war started by Tesla in China last year to combat weakening demand in the region has also hit the margins of domestic EV companies including Nio.
https://www.autonews.com/china/nio-sees-q1-sales-drop-slowing-demand-price-war-china