Nio Firefly's first model is expected to be ready by the end of this year, with the smart driving system to be based on a vendor-supplied solution, according to local media.
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Nio Firefly's first model is expected to be ready by the end of this year, with the smart driving system to be based on a vendor-supplied solution, according to local media.
For details, please visit CnEVPost.
The Firefly brand won't be able to use Nio's existing battery swap stations, it will have dedicated smaller stations, William Li said.
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In the long term, if local sales reach a certain level, say 100,000 units, local production should take place, Nio CEO William Li said.
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Firefly's first model will make its debut in China, possibly at the end of this year, before launching in Europe in the first half of next year, according to local media.
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Nio's Firefly project will offer smaller models and is expected to target the market with a price tag of less than RMB 200,000 yuan.
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The Firefly brand, while focused on small cars, will be based on five-star European safety standards and will support battery swap, Nio CEO William Li said last week.
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Although the car is tightly wrapped in camouflage, it can be seen looking similar to the Zeekr X or Volkswagen's ID.3.
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Previous reports said Firefly models would be built at Nio's F4 plant in Chuzhou.
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Nio will launch its Firefly brand in Europe in 2024, with the Alps brand likely to follow after 2025, Reuters quoted the EV maker's president as saying.
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The first Firefly model has seen a design freeze in late June and is expected to enter the mold development phase in early August, allaying employee fears that the project could be scrapped, according to local media.
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