Nio has announced its entry into four new markets: Portugal, Greece, Cyprus, and Bulgaria. Additionally, it will transition to a distributor-based sales model in Denmark.
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Category: NIO Europe
Nio has signed a distributor deal with Greek company Motodynamics to sell Nio and Firefly brand vehicles in Greece, Cyprus, and Bulgaria.
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Two Firefly product managers have set off from Berlin, Germany, and will travel through seven countries: Germany, Denmark, the Netherlands, France, Spain, Italy, and Austria.
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In 2025 and 2026, Nio will launch its cars in Austria, Belgium, the Czech Republic, Hungary, Luxembourg, Poland, and Romania.
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The China Chamber of Commerce to the EU has established an automotive working group, with Zhang Hui, Nio Europe vice president, appointed as its first chairman.
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Nio has no plans to take over the Audi plant, and the company is cautious about investing in fixed assets, the EV maker's CEO William Li said.
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Nio is one of the candidates considering taking over the Audi Brussels car plant in the city of Vorst in Brussels, which is at risk of being shut down, according to a Belgian media report.
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Nio began deliveries of the new ES8 -- known locally as the EL8 -- in Europe, after launching the electric SUV there three months ago.
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As of July 15, Nio had 15 battery swap stations in Norway and 17 in Germany, according to data compiled by CnEVPost.
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In the long term, if local sales reach a certain level, say 100,000 units, local production should take place, Nio CEO William Li said.
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