NIO Chairman William Li speaks during an event at the company flagship store in Beijing on Thursday, Aug. 20, 2020.
The chairman of Chinese electric car brand NIO says it plans to start expanding to Western markets next year.
William Li said the company might export a battery-swapping service already offered in China that might help it compete with rival Tesla.
(AP Photo/Ng Han Guan)BEIJING Chinese electric car brand NIO plans to start expanding to Western markets next year and might export a battery-swapping service that could help it compete with rival Tesla, the companys chairman said Thursday.
NIO, founded in 2014, pushed back foreign plans due to the coronavirus pandemic, William Li told reporters.