Volkswagen becomes the largest shareholder of Guoxuan High-tech and may provide power batteries for NIO's Firefly

Volkswagen has become the largest shareholder of Guoxuan High-tech, which provides Guoxuan High-tech with an opportunity to gain a deeper understanding of the European market. In the future, Guoxuan High-tech may provide power batteries for NIO's "Firefly" brand models, which will help promote the further development of the new energy vehicle industry.