Chinese EV maker Nio admits Europe expansion challenges
Wednesday, 23 April 2025 () Shanghai (AFP) April 22, 2025
Chinese electric vehicle maker Nio said Tuesday it had underestimated the challenges of expanding into Europe, as it said it would launch its sub-brand Firefly on the continent later than initially planned. Faced with a cut-throat domestic market, many Chinese automakers have looked to grow their overseas sales in markets like Europe, Latin America and Southeast Asia to safeguard their futur
In a bold rebuke of NATO dynamics, US Secretary of State Marco Rubio has called out European allies for falling short on defense spending. Labeling them “junior partners,” Rubio pushed for a drastic hike—up to 5% of GDP—to maintain NATO’s credibility. At his first NATO foreign ministers...
Germany’s Left Party co-leader Jan van Aken has reignited calls to replace NATO with a new peace and defense alliance that includes both the US and Russia. Arguing that NATO has “no future,” van..