On the morning of June 12th, $NIO Inc (NIO.US)$announced a price reduction of ￥30,000 RMB for all its models, but the four times free battery swaps service previously provided by NIO will no longer be offered as a standard right and will be switched to a 6-year or 150,000 km warranty. In other words, future NIO owners will need to pay for battery swaps. The purpose of this price reduction and service adjustment is to urgently boost the continuously dec...