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Chinese EV Maker Nio: EV demand in Nio's home market China - the world's largest auto market - has been faltering as intense market competition has driven down car prices and consumers tightened spending in a sluggish economy.
Ev Maker Nio: The nascent battery unit, led by senior manufacturing engineers whose previous employers include Apple and Panasonic, will seek external investors after the spin-off that could happen as early as the end of this year, with a valuation to be decided later, the people said.