Nio (NIO) files to use semi-solid-state batteries in 11 EVs

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Nio (NIO) explores building a dealer network to boost European sales

October 18, 2023 8:13 AM EDT

Reuters reports Wednesday morning, citing unnamed sources familiar with the matter, that Chinese electric vehicle maker, Nio Inc. (NYSE: NIO) is considering building a dealer network in Europe to speed up sales growth in the market.

Nio debuted in Norway in 2021 before expanding to Germany, the Netherlands, Sweden, and Denmark in October last year. This expansion enabled direct purchases through physical stores or online platforms, as well as flexible car leasing options starting from... More