SHANGHAI: Chinese electric vehicle maker Nio's founder called for openness in a rare speech in the United States, where politicians have been seeking to further restrict China's access to the world's second-largest auto market.
"Competition will lead to greater investment, longer time to break even, less margin for mistakes and lower chances of success," Li said, according to a transcript of his speech provided by the company. A European Union is investigating Chinese EV makers such as BYD, Geely and SAIC could lead to tariffs over the subsidies.
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