China may be outspending the US when it comes to industrial policy in sectors like electric vehicles and semiconductors, but America is winning on innovation where it can’t on price, according to one China expert.
Nio prepares to launch its first mass-market car on Wednesday as Chinese EV startups downshift prices in a hunt for growth. Nio stock jumped Monday, along with Zeekr and XPeng. The Onvo L60 SUV will be cheaper than the Tesla Model Y that it's challenging in the RMB 250,000 ($34,565) segment, Nio CEO William Li has said.
Canadian university students on the hunt for a job say their top priority is high future earnings.