China's Nio CEO hopes governments can have an 'open attitude'

The head of Chinese electric vehicle maker Nio said on Thursday he hoped all governments could have an open attitude rather than be isolationist, after the European Commission launched an anti-subsidy probe into Chinese-made EVs last week.

The head of Chinese electric vehicle maker Nio said on Thursday he hoped all governments could have an open attitude rather than be isolationist, after the European Commission launched an anti-subsidy probe into Chinese-made EVs last week. William Li made the comments at a media roundtable after the launch of Nio's first smartphone.

He said lessons to be learnt from China's EV development were to be open and welcome competition to benefit users and global sustainable development. He also said the Chinese EV maker would likely be able to break even in a shorter time than U.S. automaker Tesla was able to.