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Chinese electric vehicle manufacturer, Nio Inc, is planning to build a new factory in Chuzhou city in China's Anhui province, to produce affordable electric vehicles (EVs) under a new brand, for export to Europe as early as next year. The move comes as EV sales in China, the world's largest auto market, have weakened significantly following the end of state subsidies for EV purchases.

Source: Nio Plans New Factory to Produce Budget EVs for Export to Europe
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