Published by Global Banking & Finance Review®
Posted on January 13, 2026
1 min readLast updated: January 19, 2026
Add as preferred source on GoogleNio commits to expanding its European operations as the EU modifies tariffs for Chinese EVs, fostering improved China-EU relations.
BEIJING, Jan 13 (Reuters) - Chinese electric vehicle maker Nio vowed to continue to advance its business operations in Europe after the European Commission set out the conditions on Monday for China-made EV makers to replace EU tariffs with minimum price plans.
"We are pleased to see China and the EU making steady progress toward consensus on the basis of mutual respect," the company said in a statement on Tuesday.
(Reporting by Zhang Yan and Brenda Goh; Editing by Tom Hogue)
An electric vehicle (EV) is a type of vehicle that is powered by electricity instead of traditional fuels like gasoline or diesel. EVs are known for being more environmentally friendly.
A strategic focus in business refers to the specific goals and priorities that a company sets to achieve long-term success and competitive advantage in its market.
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