Chinese electric car company Nio will keep its prices high rather than cutting them, CEO William Li told CNBC in an interview.
BYD remains by far the dominant market player in China. It sold 264,647 purely battery-powered passenger cars in the first three months of the year, up more than 80% from a year ago. Hybrid passenger vehicle sales doubled from a year ago to 283,270 in the first quarter.
in the first quarter, up 36% from a year ago. The company did not break out figures for China, which typically accounts for well over 20% of Tesla's revenue.In the last two years, Nio began deliveries to European countries such as Norway and Germany. Tensions between China and the U.S. have escalated, while relations between Europe and Beijing have not been smooth either.
Sustainable global development requires good products for users around the world, something that cannot be done by relying on a single country, Li said.Baird's three favorite plays on the future of energy and mobility going into earnings season "Despite the big challenges we face from geopolitics, we still want to stick to serving our customers, pay attention to the pace of investment and manage operational risks well," he said.
When asked about U.S. market, Li said the company was proceeding with its plans. "But we know challenges will certainly be greater and greater," he said, without elaborating.
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