Electric vehicle (EV) manufacturer Nio has abandoned plans to build a manufacturing plant in Shanghai, while reporting losses of $1.4 billion in 2018.

The company said on Tuesday that it would focus on the “joint manufacturing model in the long-term.” Nio’s vehicles are currently produced in partnership with state-owned JAC Motors in the eastern Chinese city of Hefei, which the company claims will support its growth plans for the next two to three years. The Shanghai-based EV firm previously expected to finish construction on its own factory in Shanghai’s Jiading District by the end of 2020.

The company did not elaborate when reached for further comment by TechNode.

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Chris Udemans

Christopher Udemans is a Shanghai-based data and graphics reporter. He covers Chinese artificial intelligence, mobility, and cybersecurity. You can contact him at chrisudemans [at] technode [dot] com.