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Nio Reaches Norway With Four Battery Swap Stations, ES8, And ET7

Nio Reaches Norway With Four Battery Swap Stations, ES8, And ET7 May 06, 2021 at 5:32am ET ++ The Chinese EV will expand internationally with what makes it unique. Nio has finally started its international expansion. Starting with Norway, the company will not refrain from using its most impressive characteristic: a feasible battery swap technology that has already proven to be successful in China. As we guessed, the first model to be put for sale is the ES8. In 2022, the ET7 sedan will also be available to Norwegian customers. The man in charge of Nio in Norway will be Marius Hayler as the company’s general manager. He was the presenter at the press conference with William Li, CEO’s founder. Both of them outlined the strategy they intend to follow.

NIO Plans to Begin Sales in Europe This Fall

Author Bio Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. He has been investing since 1989 and been a Fool since 2001. Prior to joining The Fool as a contract writer in 2019, Howard worked in the steel business as an engineer for 28 years. When he isn’t writing, he is usually out for a run, or relaxing to the music of the Grateful Dead. Chinese electric vehicle (EV) maker NIO (NYSE:NIO) gave a preview last week of its planned launch in Norway, and today the company gave investors details on its first move to do business outside of China. At the NIO Norway news conference today, the company said it aims to begin its first European sales this September.  

Chinese EV startup Nio is entering the international market - and plans to start deliveries in Norway in September

Chinese EV startup Nio is entering the international market - and plans to start deliveries in Norway in September gdean@insider.com (Grace Dean) © Provided by Business Insider Nio CEO William Li, stood next to a Nio car. STR/AFP via Getty Images Nio said it plans to start deliveries of its electric vehicles in Norway in September. This would be the Chinese company s first international market. It said the first vehicle on offer in Norway would be the Nio ES8, a seven-seater smart SUV. Research Volvo It said it would start by selling the Nio ES8, its flagship seven-seater smart electric SUV, with pre-orders available from July 2021. It said the first deliveries are expected in September 2021.

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