NIO Planning Small Budget EVs For European Expansion via insideevs.com
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“In Europe, there’s definitely a higher demand for smaller vehicles. For compact cars, the proportion of the battery cost will be bigger than [the cost in] another car. But this challenge is universal; it’s not only for NIO. Other compact models in Europe are facing a similar challenge.” Li believes NIO can get ahead of the competition through its innovative battery swapping service. NIO plans on having 1,000 swap stations outside China by the end of 2025.
“This is all about competition, and competition is always relative. If we can outplay somehow in the product feature and with what NIO stands for, with our Power Grid and other services, if the overall experience we can provide for future European users is better in some areas, then we can establish our competitiveness, then we can get our fair share.”, will launch later this year.
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