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Benzinga
Benzinga
Business
Rachit Vats

Nio Plans To Make Cheaper EVs Under Sub-Brand At NeoPark, Production To Begin In 2 Years: Report

Nio Inc (NYSE:NIO) plans to build a manufacturing plant at NeoPark for its anticipated sub-brand, CnEVPost reported on Tuesday, citing local authorities.

What Happened: The Shanghai-based Nio plans to begin production of the sub-brand electric vehicle models in 2024.

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