Nio Plans to Sell China-Made EVs in US by 2025, Citing High Cost of US factories
- Nio aims to sell EVs in US by 2025, starting with China-made premium models
- Will not set up US production sites despite incentives
- Cites high cost of building factories in US
- Plans to manufacture EVs bound for US market in China
- Entering US part of goal to expand to 25 countries and regions