Nio to establish Firefly and Alps brands for affordable EVs

2022 Nio ET5Nio may not be a household name yet but the Chinese electric vehicle company already plans to launch two new brands to target the more affordable end of the EV segment. The brands will include Firefly which will focus on small EVs, and Alps which will focus on EVs aimed at families. Firefly is scheduled to launch in Europe as soon as 2025, and...

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