Vehicle Sales
GM remains coy about Chinese exports
Its Wuling JV’s budget BEVs still not set to go global
Corporate Strategy
Nio cuts prices to try to arrest negative sentiment
Chinese premium NEV maker reverses one downgrade, but analyst doubts remain
5 min read
China’s Nio has seen a rebound in its share price after it announced price cuts, following a slump that had dragged shares to their lowest in three years at the end of May. The firm’s New York-listed price jumped by almost 9pc on Monday to $8.40/share (see Fig.1).
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