China's Nio plans to sell its first hybrid car model overseas only by 2026

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China's Nio plans to sell its first hybrid car model overseas only by 2026 - Business Standard

Quick Summary:

The model will not be sold in China, where Nio would continue to offer only EVs with batteries that can be swapped, they added.

The European Union has imposed new tariffs of more than 20% on Nio's EVs to the region for the next five years on top of an existing 10% import duty, which one of the sources said had largely undermined Firefly's competitiveness.

Nio declined to comment on the hybrid model plan.