Reported 22 days ago
Chinese electric vehicle manufacturer Nio is set to introduce its first hybrid model, the Firefly, exclusively for overseas markets in 2026, following recommendations from its major investor. The decision aims to counter challenges posed by trade barriers and inadequate EV infrastructure in foreign markets. The hybrid vehicle will not be sold in China, where Nio will continue to focus on pure electric vehicles. With new EU tariffs impacting EV sales, Nio hopes that the hybrid model will enhance competitiveness in the European market.
Source: YAHOO