Nio to launch its Firefly EV in Europe in Q3, president says

Reuters

04-22

Nio to launch its Firefly EV in Europe in Q3, president says

SHANGHAI, April 22 (Reuters) - Chinese electric vehicle maker Nio 9866.HK will launch its Firefly electric vehicle in Europe in the third quarter, its president Qin Lihong said on Tuesday.

The company's progress in Europe has been slower than expected and they had underestimated challenges in sales and service network expansion, Nio's CEO William Li told reporters at an event ahead of the Shanghai auto show.

(Reporting by Zhang Yan and Nick Carey; Writing by Brenda Goh; Editing by Jacqueline Wong)

((brenda.goh@thomsonreuters.com; +86 (0) 21 2083 0088; Reuters Messaging: brenda.goh.thomsonreuters.com@reuters.net))

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