NEW YORK -- Nio will import premium electric cars made in China to the U.S. rather than attempt to qualify for tax incentives by setting up local production, the Chinese automaker said.
Automobiles
Nio aims to enter U.S. market by 2025 with China-made premium EVs
Company will not set up U.S. production sites, shrugging off incentives
Nio will manufacture EVs for the American market in China in light of the high cost of building factories in the U.S. © Reuters
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