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![China's Nio sets sights on big EV race with Tesla, ropes in larger rival BYD for batteries](https://img.etimg.com/thumb/msid-109947349,width-100,height-75,resizemode-4/industry/renewables/chinas-nio-sets-sights-on-big-ev-race-with-tesla-ropes-in-larger-rival-byd-for-batteries.jpg)
China's Nio sets sights on big EV race with Tesla, ropes in larger rival BYD for batteries
The Chinese EV maker was initially aiming to make batteries in-house, before eventually dropping the plan with the aim of cutting down on costs.
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