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Tesla’s Chinese rival Nio Inc. ADR (NYSE:NIO) is reportedly preparing to introduce its first hybrid vehicle in 2026, targeting international markets such as the Middle East, North Africa, and Europe. What Happened: This strategic shift for Nio, traditionally focused on electric vehicles, aims to address challenges faced by Chinese EV manufacturers abroad, including trade barriers and slow charging infrastructure development, Reuters reported on Monday. The hybrid car is expected to launch in late 2026, with deliveries starting in 2027. However, this hybrid model will not be available in China,…

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