China's Nio to build factory for budget EVs - sources

SHANGHAI : Chinese electric vehicle (EV) maker Nio Inc plans to build a factory in Chuzhou city in the eastern province of Anhui to produce budget EVs under a new brand, said three people with knowledge of the matter.Neither Nio nor the Chuzhou local government immediately responded to requests for commen

SHANGHAI : Chinese electric vehicle maker Nio Inc plans to build a factory in Chuzhou city in the eastern province of Anhui to produce budget EVs under a new brand, said three people with knowledge of the matter.

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