Nio aims to acquire Audi’s Brussels plant to leverage EU production, capitalizing on the EU's import duties on China-made cars, enhancing its European market presence.
Audi's Brussels factory has only been producing the Q8 E-Tron, which is underperforming in sales, leading Audi to seek a buyer amid worker protests and layoffs.
The move to acquire the factory would help Nio avoid tariffs on Chinese-made cars, a strategic step as the EU imposes stricter import duties.
With Audi's lack of plans for new models and declining production in Belgium, Nio sees a prime opportunity to expand its manufacturing capabilities in Europe.
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