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Nio's annual vehicle margin reached a record high of 20.1% in 2021, but it plummeted to 9.5% in 2023 as it grappled with the pricing war in China's EV market and inflationary headwinds.
Nio's annual vehicle margin reached a record high of 20.1% in 2021, but it plummeted to 9.5% in 2023 as it grappled with the pricing war in China's EV market and inflationary headwinds.