Receive our newsletter – data, insights and analysis delivered to you
  1. News
May 7, 2021

Nio Europe EV invasion begins with Norway

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

Nio starts with Norway

Last year a total of 76,789 EVs were sold in the country, equivalent to 54% of total vehicle sales. The company also confirmed it plans to have a presence 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 the cities of Bergen, Stavanger, Trondheim and Kristansand.

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

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

Nio sold a total of 27,162 EVs in China in the first four months of 2021. The company’s founder and CEO said overall demand remains strong, but that production is likely to be held back in the second quarter by the global shortage of semiconductors.

Content from our partners
Collaboration: the key to designing better EV battery packs
Navigating the lithium battery value chain
Teamwork: Making the EV dream reality

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU