Tesla Rival Nio Reportedly Plans To Launch First Hybrid Car Exclusively Overseas By 2026

Quick Summary:

What Happened: This strategic shift for Nio, traditionally focused on electric vehicles, aims to address challenges faced by Chinese EV manufacturers abroad, including trade barriers and slow charging infrastructure development, Reuters reported on Monday.

ADR (NYSE:NIO) is reportedly preparing to introduce its first hybrid vehicle in 2026, targeting international markets such as the Middle East, North Africa, and Europe.

However, this hybrid model will not be available in China, where Nio will continue to offer only electric vehicles ...

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Category: Technology

Markets: United StatesChinaHong Kong

Topics: News General Pooja Rajkumari Hybrid Car NIO Tech Mobility EVs Benzinga Stories That Matter

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Published On: 2024-11-04 @ 07:18:36 (1 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 293 words

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Sentences: 14 lines

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