Thursday, October 10, 2024

China brand rejects: Will not buy crisis-hit Audi factory

Chinese Nio, which otherwise denies having left Denmark, denies any interest in Audi's Belgian factory, according to director and founder William Li.

Audi's factory in Belgium is one of only two remaining car factories in the country. Earlier this week it left that Chinese Nio is interested in the place.

But now the brand's director and founder William Li denies that he would be interested in buying Audi out of the factory, which currently only builds one car. Namely the Q8 e-tron.

And even that is a tight deadline. For Audi, the employees have been informed that the production will be moved to Mexico and that the management is not interested in starting anything else in Belgium.

– How will Nio be able to afford a factory that Audi can't even afford, says the rhetorical question from William Li, according to CNevPost .

And there may be something to that. According to Nio's accounts for 2023, last year the brand lost a whopping DKK 120,000 on every single electric car they built.

READ ALSO: FDM man becomes an expert in popular TV programme

The situation at Audi's factory in Belgium is chaotic. The employees recently stole 200 units for new cars and set fire to an improvised bonfire outside the factory's main entrance in an attempt to get management to talk.

Even the Belgian government has, so far as is known, unsuccessfully argued with Audi's general management in Germany about the factory just outside Brussels.

It was otherwise the Belgian newspaper De Tijd who wrote earlier this week that Nio should be more than interested in the possibility of moving its production completely out of China as soon as possible to avoid the upcoming European punitive tariff on all electric cars built in China.

Those plans have a brand like Aiways, which hopes to be able to start production again soon, namely already. Read more about it here .

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