Nio to launch affordable brand below €25k for Europe
April 21, 2023
Chinese premium carmaker Nio wants to move down the ladder. Under the codename Firefly, its CEO confirmed that a new subbrand is in the making, which will focus on Europe and aims at launching a small EV below the €25 000 mark to rival the forthcoming Volkswagen ID.2. Nio CEO Lihong Qin unveiled the plans […]