BRIEF: Nio goes down-market with launch of Firefly brand
Chinese electric car manufacturer Nio Inc. (NIO.US; 9868.HK) on Saturday disclosed its new Firefly brand targeting the lower end of the market will be priced starting at 148,800 yuan ($20,400)…
Nio in diversification drive as it tries to stem its flood of red ink
With more losses piling up in this year’s first quarter, the high-end EV maker is betting on two new brands targeting the middle and lower parts of the market Key…
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