Tesla Rival NIO Raises Prices for All But One of Models amid…

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BEIJING, May 13 (TMTPOST)— As of this week, Tesla’s Chinese rival NIO Inc has almost bumped up prices of its entire range of electric vehicle (EV) models, highlighting auto makers’ mounting pressure from the persistent increases in raw material cost.Source: Visual ChinaNIO announced to raise by RMB10, 000 (US$15,000) for its electric sedan model ET7 from May 23, citing the recent increasing prices o