CnEVPost Newsletter: NIO said to have launched development of sub-brand model; XPeng hints at increased efforts in Europe

NIO said to have launched development of sub-brand model with planned annual capacity of 60,000 units - CnEVPost — cnevpost.com NIO has launched the development of a mass-market sub-brand model in Hefei, which will be positioned below NIO's existing SUV and sedan models, according to local media.

CITIC Securities says NIO, XPeng, Li Auto severely underva…