CHINESE ELECTRIC CAR BRAND NIO LOOKS AT EXPANSION ABROAD
Techlife News|Techlife News #460
CHINESE ELECTRIC CAR BRAND NIO LOOKS AT EXPANSION ABROAD
Chinese electric car brand NIO plans to start expanding to Western markets next year and might export a battery-swapping service that could help it compete with rival Tesla, the company’s chairman said Thursday.
NIO, founded in 2014, pushed back foreign plans due to the coronavirus pandemic, William Li told reporters. He said the company is studying which market to start in and how to structure its operations.

“Hopefully, in the second half of next year, we can start some small-batch exploration in countries where EVs are popular,” Li said. “We would like to start with European countries.”

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Techlife News #460