Nio Plans Europe Expansion as China’s EV Price War Intensifies

(Bloomberg) — Electric-vehicle maker Nio Inc. plans to intensify its European expansion as a price war in the company’s vast home market of China squeezes margins.
Nio will unveil a model next quarter that caters to European demand for compact cars and will also be sold in China, Chief Executive Officer William Li said at a media briefing Monday ahead of the Shanghai auto show.
