Tesla's Chinese Competitor NIO Begins Deliveries Of New ES8 In Europe Amid EU Tariff Concerns: Report
Portfolio Pulse from Nabaparna Bhattacharya
NIO Inc. has started delivering its new ES8 model, rebranded as EL8 in Europe, amid concerns over potential EU tariffs on Chinese electric vehicles. The tariffs could disrupt trade, particularly with Germany. NIO shares are down 5.91% as of Wednesday.
September 18, 2024 | 5:31 pm
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NIO has started delivering its new ES8 model in Europe, rebranded as EL8, amid potential EU tariffs on Chinese EVs. This could disrupt trade, especially with Germany, affecting NIO's market expansion. NIO shares are down 5.91%.
NIO's market expansion in Europe with the new ES8 (EL8) is overshadowed by potential EU tariffs on Chinese EVs, which could disrupt trade and investment, particularly with Germany. This regulatory uncertainty is likely causing the stock to trade lower.
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