China's Nio plans to sell its first hybrid car overseas only, sources say

Chinese electric vehicle maker Nio is planning to launch its first hybrid model in 2026 and will only sell it in overseas markets, including the Middle East, North Africa and Europe, according to two people with knowledge of the matter. Nio to date has only manufactured pure electric vehicles. It is building the hybrid vehicle to address challenges faced by Chinese firms selling EVs in foreign markets, which have put up trade barriers and been slower to install charging facilities.