That was quick: barely 24 hours after rumours emerged that Nio could take over the Audi factory in Brussels, the Chinese electric car manufacturer has denied the possibility. Meanwhile, the new Nio sub-brand Onvo is celebrating the market debut of its first vehicle.

Volkswagen's Audi is looking for an investor for its struggling Brussels plant, the premium brand's production director Gerd Walker said on Tuesday. The company has examined several options for the site and discussed them with employees,

The threat of closing a nearby Audi factory has led to a significant protest by European automotive industry workers. On 16th September, more than 5,000 individuals marched through the streets of Brussels.