Hyperdrive

Chinese EV Maker Nio Launches New Models, Upgraded Battery Swaps

  • Yearly event for customers, partners aims to boost loyalty
  • China is world’s biggest EV market but demand growth slowing
WATCH: Nio Inc. founder and CEO William Li said the Chinese EV maker may face a challenging first half in an exclusive interview. Source: Bloomberg
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Chinese electric vehicle maker Nio Inc. unveiled two models at a glittering annual customer event on Saturday evening, expanding its lineup in a bid to grab a bigger share of the market as demand for cars in the nation slows.