Nio Drops Plan to Build EV in US, Shifting to Import from China

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BEIJING, November 8 (TMTPost)— Chinese electric vehicle maker Nio Inc. has changed its strategy to foray into the Unites States.Credit：Visual ChinaNio will not seek entering the U.S. market by producing EVs locally, instead, it will import premium EVs in China, Ganesh Iyer, the CEO of Nio in U.S., said as he revealed the expansion strategy of his company in the country. Nio aims to expand its business into a to