Chinese EV sales totalled 1.03 million in the first quarter of the year but it was the slowest quarterly growth since the second quarter of 2023

A wave of Chinese EV makers are expanding in Europe amid slowing demand at home

Nio announced a similar tie-up with Changan Automobile last week as it bids to build a unified battery exchange network

Nio has announced plans to cut its workforce by 10% as buyers shun pure electrics for more economical plug-in hybrids

Despite some of China’s electric vehicle makers, such as BYD and Nio, being household names, hundreds more now face an uncertain future

The proposed collaboration, which would see Nio share its research and technology for investment, has reportedly already met with resistance in Germany

The car firm is following in the footsteps of rivals like Zhejing Geely who acquired smartphone maker Meizu last year in a bid to upgrade their cars’ tech offering

China’s leading carmaker urged its domestic rivals to unite and establish world-class brands in a patriotic global push

The country’s domestic brands, like BYD, Nio and Xpeng Motors, are now taking on and beating established global names such as VW and Toyota at home

Experts say latest data coming in from China pointed to the world’s biggest EV market recovering from a slump and getting “back on the fast-track"

Purchases of Nio models slid in April and May as a price war intensified, with Tesla's China sales more than five times Nio's over the same period

Ford-brand sales were down in China in the first quarter and chief executive Jim Farley said the country’s domestic brands were getting it right