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Chinese electric vehicle maker Nio Inc (NYSE: NIO) is looking to boost its gross margin to 25% in the coming years, the company executives told analysts in a post-earnings call on Tuesday. What Happened: The maker of ES8 electric SUVs and the upcoming ET7 sedans said the target can be achieved if the company hits an annual production of 300,000 electric vehicles based on the NT2.0 (Nio technology) platform of electric vehicles.
...read full article on Benzinga
