...Source: [ Ссылка ] Transcript: According to China EV Post, Nio has announced several key updates during its third-quarter 2024 earnings call. The company revealed plans to double its sales next year and aims for profitability by 2026. Its third brand, officially named Firefly, will launch its first model in the first half of 2025. This model will target the boutique compact car market and will support Nio’s battery swap system.
Nio also confirmed that its premium models will gradually switch to a new platform starting next year, with the ET9 being the first in a new product cycle. Meanwhile, its mid-range brand Onvo will release two new SUVs next year, including a six- or seven-seater and a large five-seater, aimed at competing with Li Auto's models.
In Europe, Nio's vehicle prices have increased due to new EU tariffs, but Norway remains unaffected. The company is focusing on expanding its sales and service networks globally, with the goal of reaching 300 Onvo stores by the end of 2024. Additionally, Nio's first store in the Middle East, located in Abu Dhabi, will open on November 28, 2024.
