Nio plans to launch its first hybrid car, the Firefly, in 2026 for overseas markets, excluding China.

Chinese electric vehicle maker Nio is set to launch its first hybrid car, the Firefly, in 2026, targeting overseas markets such as the Middle East, North Africa, and Europe. This decision follows challenges in selling pure EVs abroad, including trade barriers and inadequate charging infrastructure. Nio's hybrid model, influenced by its investor CYVN Holdings, will not be available in China, where the company focuses solely on EVs with battery-swapping technology.

November 04, 2024
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