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The new Scout division of Volkswagen reportedly paying Magna Steyr nearly a half billion dollars to develop its vehicles.
So far this year, China's passenger NEV retail sales amounted to 6.996 million units, up 34 percent year-on-year.
The post China NEV retail sales at 187,000 in Dec 1-10, up 3% from same period last month appeared first on CnEVPost.
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Edison Yu's team believes that Nio can cut costs in five areas: battery cells, chip development, battery swap, dealer network, and phone.
The post Deutsche Bank lists 5 areas where Nio can cut costs appeared first on CnEVPost.
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