William Li says Nio is not intending to buy Audi factory in Belgium after Belgian newspaper said it would bid for the EV factory.
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William Li says Nio is not intending to buy Audi factory in Belgium after Belgian newspaper said it would bid for the EV factory.
The post Nio CEO denies company will buy Audi factory in Belgium appeared first on CarNewsChina.com.
Nio has no plans to take over the Audi plant, and the company is cautious about investing in fixed assets, the EV maker's CEO William Li said.
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That's because all upcoming Nio-branded products will come from NT 3.0 technology, which not only offers superior performance but also outstanding cost savings, Deutsche Bank said.
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Nio's sub-brand Onvo has officially launched its first model, the L60, which is priced much lower than the Tesla Model Y, but brings more interior space and better features.
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Nio may buy an Audi EV factory and start producing cars in Europe. Company has until September 23 to make a bid.
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Onvo L60 launches with options of both 60 and 85 kWh battery packs and a 52 litre Midea fridge.
The post Onvo L60 the Model Y killer from Nio launches priced from 21,200 USD appeared first on CarNewsChina.com.
Onvo currently has 180 store managers in China, 40 percent of whom are from Tesla and 27 percent from Li Auto, an executive said.
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Li Auto had 12,600 insurance registrations last week, Xpeng 4,300, Zeekr 4,700, Leapmotor 7,900 and Aito 9,600.
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Nio is one of the candidates considering taking over the Audi Brussels car plant in the city of Vorst in Brussels, which is at risk of being shut down, according to a Belgian media report.
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Nio began deliveries of the new ES8 -- known locally as the EL8 -- in Europe, after launching the electric SUV there three months ago.
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