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.

Nio, the company famed for its innovative battery-swap technology, has launched a new ‘Firefly’ sub-brand aimed at conquering the increasingly competitive small electric car market. Its first car – a Honda e -inspired five-door supermini – has been revealed in China, with plans to reach Europe in the first half of 2025.

Nio wants Firefly to be a global brand selling cars in Europe and the Americas but not in the U.S. for now. The first Firefly EV has Honda e design cues and promises to be maneuverable and roomy inside.

Despite being Nio's entry-level brand, the Firefly EV features a focus on safety, as well as dynamics and technology. Nio is saving most of the details until closer to the market launch but confirmed features like a tight 15.4-foot turning circle and automated parking technology.

Nio has unveiled its new global EV brand, Firefly, and its first model with the same name. The compact electric car can be pre-ordered at prices starting at

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

Nio has officially launched its new firefly sub-brand at the recent Nio Day 2024, with the first model being offered simply called Firefly. The new electric vehicle (EV) will not only be sold in China,

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.