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.

Audi is looking for an investor for its struggling Brussels plant, production director Gerd Walker told Reuters on Tuesday.

According to Audi Board Member for Production Gerd Walker, the Ingolstadt-based car manufacturer no longer sees any use for its factory in Brussels, which is threatened with closure, and is therefore now looking for an investor.

Thomas Bogus, who has been responsible for the electrification of a host of Audi sites, will now take on management of Audi's Brussels plant.

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.