Nio Denies Plans to Acquire Audi's Belgian Factory Amid Market Speculations

Despite reports of ongoing talks, Nio's CEO refutes claims of purchasing the Brussels plant as the company focuses on existing European markets.

Nio CEO William Li has denied rumors of acquiring Audi's factory in Belgium, emphasizing the company's caution in investing in fixed assets.
Belgian media reported that Nio was preparing a bid for the plant, which Audi plans to close due to low demand and high costs.
The potential acquisition is seen as a strategic move to avoid new EU tariffs on Chinese-made vehicles.
The Brussels factory employs nearly 3,000 workers, with significant layoffs expected as production halts.
Nio continues to expand in Europe, focusing on existing markets like Germany, Norway, and the Netherlands, while planning to launch new models and sub-brands.