Tesla Rival Nio's Firefly Begins Deliveries In Greece, Denmark As Chinese Automakers Flock To Europe - NIO (NYSE:NIO)
Benzinga·2025-12-10 10:27

Core Insights - Nio Inc. has officially commenced deliveries of its Firefly EVs in several European countries, including Greece and Denmark [1][2] - The Firefly EV is priced at approximately EUR 29,900 (around $34,700) and offers a WLTP range of over 205 miles, powered by a 42.1 kWh LFP battery [3] - Nio had previously delayed the Firefly's launch in Europe to Q3 2025 due to challenges in expanding its sales and service network [5] Delivery Performance - In November, Nio reported a total of 36,275 deliveries, marking a 76% increase compared to the same period last year [6] - The breakdown of deliveries includes 18,393 vehicles from the Nio brand, 11,794 from Onvo, and 6,088 from the Firefly brand [6] Competitive Landscape - Other Chinese automakers, such as BYD and Xpeng, are also expanding in Europe, with BYD experiencing a 206.8% increase in registrations in October [7] - Xpeng announced its entry into three new European countries: Estonia, Lithuania, and Latvia, as well as Cambodia in Asia [8]