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Benzinga
Benzinga
Business
Nabaparna Bhattacharya

Nio CEO Warns China EV Industry Faces Major Test As Tax Breaks Fade

NIO Inc.

Nio Inc. (NYSE:NIO) shares slipped in premarket trading Thursday after its founder and chief executive warned of looming headwinds for China’s electric vehicle industry.

Speaking at a media roundtable in Shanghai on Sept. 3, William Li cautioned that the first quarter of 2026 could bring slower growth as tax incentives begin to taper.

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