Like other EV makers, Tesla has been struggling with falling sales in the face of intense competition from Chinese brands. Chinese electric vehicle (EV) maker Nio has unveiled the first car from its new lower-priced brand Onvo, in a direct challenge to Tesla’s best-selling car. It comes in the same week that US President Joe Biden announced he would quadruple the import tax on electric cars from China. Is China likely to lead the EV industry ?
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