Core Insights - Nio Inc. plans to enter the Armenian market through a dealer agreement, marking a shift from its traditional distributor model [1][2] - The new approach allows Nio to establish a presence in Armenia with a lower commitment and operational flexibility [3] Company Strategy - Nio has signed a dealer agreement with Armenia's N-Motors, which will independently manage sales and service operations for Nio and Onvo models [1] - This strategy contrasts with Nio's previous reliance on single distributors in various markets, which typically involved long-term brand authorizations [2] Market Performance - Nio has established distributor agreements in several countries, including Azerbaijan, Greece, and Portugal, indicating a broader international strategy [3] - NIO stock has increased by over 19% in the past year, reflecting positive investor sentiment [3] - As of recent trading, NIO shares were down 0.60% at $7.41, approaching a 52-week high of $8.02, and remaining 19.5% above its 50-day moving average [4]