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Why some Chinese are buying local electric car brands like Nio — instead of Tesla

CNBC spoke to Chinese consumers who bought local electric cars instead of Tesla and found out what drove their purchase decisions: price and driving range.Here are some anecdotes on why Chinese consumers bought electric cars from Tesla competitors Nio, Li Auto and Xpeng.Local government policy support for license plates and charging infrastructure is another factor.BEIJING — Chinese consumers thinking about whether to buyTesla’s electric cars or local alternatives have two things at the top of t
Why some Chinese are buying local electric car brands like Nio — instead of Tesla

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