The sequential increase in new orders for Nio in April was mainly due to lower prices for its BaaS battery rental service, according to Deutsche Bank.
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BMW has begun production of a battery-assembly facility at its San Luis Potosí, Mexico, plant in anticipation of production of its Neue Klasse EVs. In addition to the battery facility, BMW said in a press release that it is also expanding the body shop and making other upgrades to the site, with a total investment of 800 million euros...