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May 7, 2021updated 12 May 2021 6:28pm

Nio Europe EV invasion begins with Norway in September

Chinese electric vehicle (EV) startup Nio has announced it plans to begin selling cars overseas in September with Norway chosen as its first export market due to its high percentage of EV sales.

Chinese electric vehicle (EV) startup Nio has announced it plans to begin selling cars overseas in September with Norway chosen as its first export market due to its high percentage of EV sales.

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Last year 76,789 EVs were sold in the country, equivalent to 54% of total vehicle sales. The company also confirmed it plans to be in five European markets by the end of 2022.

Nio, which is listed on the New York Stock Exchange (NYSE), said it will build its own sales network in Norway starting with an outlet in the historic centre of the capital city Oslo.

Four additional outlets will be opened in 2022, in Bergen, Stavanger, Trondheim and Kristansand.

The automaker said its first export model would be its flagship ES8 SUV, followed by the ET7 sedan in 2022. It plans to start taking orders in July, once its local app is up and running.

The company said it will also open its first delivery and aftersales centre in Oslo in September, which will be expanded the following year, along with the launch of mobile servicing, a car pickup-and-delivery service and a network of battery charging and swap outlets.

Nio sold 27,162 EVs in China in the first four months of 2021. The company said overall demand remained strong but production was likely to be held back in the second quarter by the global shortage of semiconductors.

Free Report
img

What does the future hold for the US electric vehicles market?

The US Electric Vehicles (EV) market has established itself as one to watch. Despite China maintaining the number one spot, the US holds significant standing as one of the major EV markets, with GlobalData’s whitepaper identifying a strong growth trajectory within the forecast period. This report further analyzes the trends, market drivers, and government incentives set to influence and facilitate the market.   This report also looks beyond the US and touches on environmental concerns set to drive the EV market worldwide.   Want to find out more? This report demonstrates GlobalData Explorer’s sector analysis capabilities, showing how you can:  
  • Get historical and forecast market sizing data, with country specific insight for 22+ of the world’s largest industries
  • Track sector dealmaking activity, to view aggregate volumes, specific deals and top investors for all major deal types in M&A, Capital Raising, and Partnerships
  • Analyze news from GlobalData Explorer’s News Database – enable screening and alerts by industry, company, geography and news sentiment for filtered insight
  • Identify and track the key disruptive trends that are keeping the top digital thought leaders talking through social media analytics
  Consult this report now to find out how you and your company can benefit from our Explorer platform.
by GlobalData
Enter your details here to receive your free Report.

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