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…
China’s NIO Says 40% Of Its Store Managers Are Ex-Tesla NIO Inc. (NYSE:NIO) shares are trading higher on Thursday. Nio’s Onvo currently has 180 store managers in China, with 40% hailing from Tesla, Inc. (NASDAQ:TSLA) and 27% from Li Auto (NASDAQ:LI), according to Xia Qinghua, head of Onvo’s user and service operations, CnEV Post reports….