NIO (NYSE:NIO) held its NIO Day 2024 event over the weekend in Guangzhou, China. The date was also marked the company's 10th anniversary. The event, themed "Together & Further," showcased NIO's (NIO) latest innovations and product launches.

Chinese electric vehicle (EV) giant Nio unveiled its budget-friendly brand, Firefly, on Saturday, aiming to rival BMW’s Mini and Mercedes’ Smart

GUANGZHOU: Nio has unveiled a lower-cost brand named Firefly that it has touted as a rival to Mercedes’ Smart and BMW’s Mini in the Chinese electric vehicle (EV) maker’s latest bid to broaden its customer base and boost sales.

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.

Chinese electric vehicle (EV) maker Nio launched a new small car under its Firefly brand that seeks to compete with BMW’s Mini and Smart of Mercedes-Benz, an advancement in its drive into international 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