SHANGHAI -- Chinese electric vehicle makers should brace for the possibility of protectionist policies being leveled against them by foreign governments as they seize on their cost advantages to expand exports, the founder of Chinese EV maker Nio said.
William Li told reporters during a roundtable discussion on the even of the Shanghai auto show that Tesla recently revealed manufacturing in China is 20 percent less expensive than Europe and the United States. That means Nio and peers building and exporting cars from China have an advantage over rivals.