NIO CFO: The Price War Shows That There Are Too Many Chinese Car Companies

NIO CFO: The Price War Shows That There Are Too Many Chinese Car Companies

NIO has no plans to acquire other car companies

NIO CFO Feng Wei said that NIO is very confident that it can meet this year’s delivery target, which is to double to 250,000 units from 2022.

  Auto News On March 22, according to surging news reports, NIO CFO Feng Wei said that NIO is very confident that it can complete this year’s delivery target, that is, to double to 250,000 vehicles on the basis of 2022. The launch of new models, the expansion of the energy supply network, and the development of assisted driving technology will all help NIO achieve this goal.

  ”Due to the climbing penetration of electric vehicles, the industry is expected to undergo a very deep round of consolidation. Regarding the recent price war in China’s car market, Feng Wei believes that this shows that there are too many Chinese automakers, “There are too many automakers in China now, which is almost a consensus, but we have no plans to acquire any car companies.” 

NIO CFO: The Price War Shows That There Are Too Many Chinese Car Companies
NIO CFO: The Price War Shows That There Are Too Many Chinese Car Companies
NIO CFO: The Price War Shows That There Are Too Many Chinese Car Companies
NIO CFO: The Price War Shows That There Are Too Many Chinese Car Companies
NIO CFO: The Price War Shows That There Are Too Many Chinese Car Companies
NIO CFO: The Price War Shows That There Are Too Many Chinese Car Companies

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