Firefly’s mobile app has seen cumulative user registrations reach six figures 72 hours after it went live, with a significant increase in the percentage of new users from outside the Nio community. (Image credit: Nio) Nio (NYSE: NIO) sub-brand Firefly is gaining widespread buzz in China, which is expected to pave the way for it…
BEIJING (Reuters) – Chinese electric vehicle (EV) marker Nio on Sunday announced plans to launch its Firefly cars in Europe in the first half of 2025. William Li, CEO of Nio, said the company will work with local partners on the sale and service of Firefly in European markets. Li also said Nio will accelerate…
GUANGZHOU, China (Reuters) – Nio unveiled a lower-cost brand named Firefly on Saturday that it touted as a rival to Mercedes’ Smart and BMW’s Mini in the Chinese electric vehicle maker’s latest bid to broaden its customer base and boost sales. CEO William Li announced the new brand at an annual company event in Guangzhou…
International car brands, already experiencing a sharp sales decline, have one more thing to worry about as Chinese electric vehicle (EV) maker Nio began sales of a new luxury sedan to challenge the likes of BMW’s 7 series and Audi’s A8. The fully electric ET9 executive sedan, which the company expects to begin delivering in…
Executives of those companies scoff at all this. Many say they now struggle to justify investing in the country and talk instead of cutting staff. In a recent survey by the American Chamber of Commerce in Shanghai, less than half of respondents said they were optimistic about the prospects for their business in China over…
In the global BEV market, Tesla ranked first with an 18.5 percent share, BYD was second with 17.5 percent, and Nio was eighth with 2.4 percent. BYD (HKG: 1211, OTCMKTS: BYDDY) is the dominant player in the global plug-in hybrid electric vehicle (PHEV) market, as sales of its hybrid models continued to rise. In the…
1. Chinese EV makers Nio, Xpeng, Geely’s Zeekr and Leapmotor face do-or-die moment amid overcapacity and tariff woes China’s electric-vehicle manufacturers face a critical juncture as overcapacity and high tariffs force unprofitable companies to cut costs and launch new models to survive in a fiercely competitive market. Only self-sustaining firms will endure, analysts predict, as…
While electric vehicle (EV) sales are lagging in the U.S., contrary to the previously optimistic forecasts, Chinese EV sales are now booming. Several major Chinese automotive companies, as well as multiple start-ups, have reported record sales figures in the third quarter of the year. This trend has been widely anticipated by industry experts thanks to…
Hong Kong’s leader has expressed confidence in deepening collaboration with Shanghai, while assuring businesses and professionals in the mainland Chinese city that his administration’s focus has shifted from politics to economic development. Chief Executive John Lee Ka-chiu praised the close ties as he concluded a three-day visit to Shanghai on Wednesday, where he met officials…
The South China Morning Post is embarking on a six-part series of motoring reviews to focus on Chinese electric vehicles that are made for the export market, either in the right-hand drive versions or their original left-hand drive editions. In this instalment, Mark Andrews puts Nio’s ET7 through its paces, concluding that the car’s quality…