Nio CEO Says EV Brands Increasing Market Share By 'Constantly Lowering Prices' Only Hurting Themselves — In Likely Dig At Tesla

Chinese electric vehicle maker Nio Inc.'s (NYSE: NIO) CEO William Li believes EV brands that gain market share by "constantly lowering" prices will only hurt their own brand image, cnEVpost reported Thursday. What Happened: Li said during Nio's first-quarter earnings call that a higher gross margin will allow EV makers...