Nio Is Expanding To The EV Promised Land Jalopnik 7 hrs ago © Image: Nio
After a remarkable 2020, Nio is back on an upward trajectory and its next target is Europe. The fabled EV haven of Norway, to be more precise.
The Chinese EV startup said Wednesday that on May 6 it will outline plans to sell its cars in Norway. To date, Nio has sold vehicles only in China, so this is a big moment for a brand that was on the brink of collapse a little more than a year ago.
NIO s global vision is coming into even sharper focus with our presence in Norway. Tune in for our #NIONorway Press Conference on May 6th at 10 AM CET/1 AM PDT https://t.co/E1DP2NxS6tpic.twitter.com/EebjI8WDOf NIO (@NIOGlobal) April 28, 2021
NIO Planning To Expand Into Europe And Norway Is First
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Nio Is Expanding To The EV Promised Land
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Nio To Announce Norway Expansion Plan On May 6 - What You Need to Know Benzinga 4 hrs ago © Provided by Benzinga
NIO Inc. (NYSE: NIO) has finally confirmed its long-awaited European expansion plan, and in reaction, the stock is higher in premarket trading.
What Happened: Chinese EV manufacturer Nio said in a tweet from its official handle that its global vision is gaining even greater focus with its presence in Norway.
It will mark the company s first foray into the highly competitive European market. The company also indicated that a press conference is scheduled for 4 AM ET on Tuesday, May 6.
NIO s global vision is coming into even sharper focus with our presence in Norway. Tune in for our #NIONorway Press Conference on May 6th at 10 AM CET/1 AM PDT https://t.co/E1DP2NxS6tpic.twitter.com/EebjI8WDOf