Nio is rolling out its large premium cars in Europe. The automaker will also launch a new brand in the region selling smaller, mainstream cars.
BERLIN – Chinese electric start-up Nio will bring its new mainstream electric brand to Europe a few months after it launches in China in 2024, Nio president and co-founder Lihong Qin said.
Nio announced the foundation of the mass-market brand — as yet unnamed — in 2021, saying its relationship to Nio would be similar to that of Volkswagen to Audi, and Toyota to Lexus.