Headlines
China's Nio delays Europe launch of Firefly EV to third quarter
Published by Global Banking & Finance Review®
Posted on April 22, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on April 22, 2025
1 min readLast updated: January 24, 2026
Nio delays its Firefly EV launch in Europe to Q3 2023 due to sales and service network challenges. The company plans to partner with local firms to boost its European presence.
SHANGHAI (Reuters) -China's Nio said on Tuesday it would launch its Firefly electric vehicle in Europe in the third quarter, later than initially forecast, after it underestimated challenges involved in sales and service network expansions in the region.
The company unveiled the Firefly brand in December as a rival product to Mercedes-Benz's Smart and BMW's Mini and said at the time it would launch it in Europe in the first half of this year.
Nio's progress in Europe has been slower than expected due to the sales and service network challenges, Nio CEO William Li told reporters at an event ahead of the Shanghai auto show.
Nio plans to seek more local partners to expand in Europe and will announce some deal signings with European partners during the show, he added.
The company originally conceived Firefly as a brand that would boost its market share in Europe, but the European Commission in October imposed tariffs on Chinese-made EVs sold in the EU.
(Reporting by Zhang Yan and Nick Carey; Writing by Brenda Goh; Editing by Jacqueline Wong and Jamie Freed)
The main topic is Nio's delay in launching its Firefly electric vehicle in Europe to the third quarter of 2023.
Nio is delaying the launch due to challenges in expanding its sales and service network in Europe.
Nio plans to partner with local firms to enhance its market presence in Europe.
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