Shanghai-based Nio delivered 10,059 units in October, down 7.5 per cent from a month earlier. Photo: Bloomberg
Shanghai-based Nio delivered 10,059 units in October, down 7.5 per cent from a month earlier. Photo: Bloomberg

Electric cars: Nio, Xpeng and Li Auto see sales drop as China’s Covid-19 curbs hit production, Tesla cuts prices

  • China’s biggest EV makers suffered a sales setback in October after production was disrupted by the pandemic for the second time this year
  • Their performance was further undermined by the decision by Tesla to slash the prices of its Shanghai-made vehicles

Shanghai-based Nio delivered 10,059 units in October, down 7.5 per cent from a month earlier. Photo: Bloomberg
Shanghai-based Nio delivered 10,059 units in October, down 7.5 per cent from a month earlier. Photo: Bloomberg
READ FULL ARTICLE