China’s Nio calls for ‘open attitude’ amid EU subsidy probe

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The head of Chinese electric vehicle maker Nio said on Thursday he hoped all governments could have an open attitude rather than be isolationist, after the European Commission launched an anti-subsidy probe into Chinese-made EVs last week. William Li made the comments at a media roundtable after the launch of Nio's first smartphone. He said lessons to be learnt from China's new energy vehicle (NEV) development were to be open and welcome competition to benefit users and global sustainable development. "As a public company in the private sector, we are still losing money and the selling price in Europe is...