Nio said on Monday it would lower prices for all models and end free battery swapping services to new buyers, as the Chinese electric vehicle maker faces mounting pressure in profitability amid lukewarm sales.
A sign of Chinese electric vehicle maker Nio is pictured at its delivery center in Nanxiang, Shanghai, China March 23, 2023. REUTERS/Aly Songsaid on Monday it would lower prices for all models and end free battery swapping services to new buyers, as the Chinese electric vehicle maker faces mounting pressure in profitability amid lukewarm sales.
The company also would no longer provide free battery swapping services to buyers who place deposits on Monday and onwards, it added.
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