Chinese electric vehicle maker Nio has staked out a contrasting position on pricing to its domestic rival, Li Auto, with a top executive suggesting that carmakers must prioritise profitability as material costs climb.Nio senior vice-president Ji Huaqiang, in charge of manufacturing, logistics and operations, told reporters on Tuesday that perennially operating at a loss would be detrimental for any carmaker, even in the pursuit of market share.“The recent spike in raw material prices has had a severe impact on auto assemblers,” Ji said during a media briefing. “Some players have turned out to be reasonable, as they planned to raise...