China’s NIO to compete in Europe with unnamed ‘smaller, mainstream’ brand of EVs after premium rollout
October 10, 2022
As three premium EV models from NIO make their way to new markets in Europe, the Chinese automaker has already shared intentions to bring its second brand – still unnamed – overseas following its initial launch in China in 2024. The second NIO brand is expected to be a friendlier-priced, mass-market marque to further compete with other automakers in Europe.
NIO ($NIO) is a publicly-traded EV…