NIO, a Chinese manufacturer of smart premium electric vehicles, is launching its European business in Norway. The NIO ES8, the flagship smart electric SUV with an electric range of around 500 kilometres (WLTP), is the first model NIO is offering in Europe. NIO’s all-electric smart sedan ET7 will follow in 2022.
NIO also intends to establish its entire product and service portfolio in Europe – including NIO Power Swap technology, which enables vehicle batteries to be automatically replaced within three minutes.
The first four stations are scheduled to go into operation before the end of 2021. More swap stations will be added in 2022, initially creating a power network in five cities in Norway.
In addition, NIO will also build its own Supercharger network in Norway. With NIO Power Home, a charging solution developed for the home will be added to the offering.
NIO CEO and founder, William Li, says: “From the beginning, we have been a company with a global focus. We have been operating our design centre in Munich since 2015, we have a performance team in Oxford, and we have our software team in San José in Silicon Valley. We now employ more than 9000 people from 45 countries. We were the first to enter the market in China. Now it’s about introducing our brand and our products in Europe.”
Li adds, “In Europe, Norway is at the forefront of e-mobility and sustainable growth. When combined with the country’s strong sense of community and high purchasing power, it is an extremely attractive market for NIO in Europe. There Is no doubt that Norway and NIO are a perfect fit.”
Marius Hayler, Managing Director of NIO Norway AS., comments: “A new chapter in electric mobility is beginning in Norway. Just as the smartphone has replaced the mobile phone, smart EVs will now redefine the customer experience. Owning an NIO vehicle means gaining access to exciting opportunities and communities that will enrich users’ lives beyond a premium electric vehicle. That is why we aim to build a community around NIO in Norway.”
NIO went public on NYSE on September 12, 2018. NIO officially launched the ES6, a 5-seater high-performance premium electric SUV, on December 15, 2018 and began the first deliveries of the ES6 on June 18, 2019. In December 2019, it officially launched the EC6, a smart electric Coupe SUV, and the all-new ES8, a fully elevated smart electric flagship SUV.