Chinese electric vehicle manufacturer NIO has officially announced the launch of its highest-priced electric sedan, the ET9, alongside its lower-priced sub-brand, Firefly, as part of its ambitious plan to expand in Europe. However, according to a Bloomberg ...

Nio is part-owned by CYVN, an investment arm of the Abu Dhabi sovereign wealth fund, which also owns British luxury EV startup ForSeven – headed by former JLR executive Nick Collins – and has recently bought British supercar maker McLaren Automotive. Nio also has an engineering base in the UK.

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.

Chinas Nio is preparing to launch its Firefly EV in Europe by early 2025, aiming to rival Mini and Smart. As the company expands its presence, its also addressing tariff challenges with innovative battery-swapping