Chinese electric vehicle (EV) startup Nio announced it plans to begin selling cars overseas in September with Norway chosen as its first export market due to its high percentage of EVs sales.
Last year 76,789 EVs were sold in the country, equivalent to 54% of total vehicle sales. The company also confirmed it plans to be in five European markets by the end of 2022.
Go deeper with GlobalData
Nio, which is listed on the New York Stock Exchange (NYSE), said it would build its own sales network in Norway starting with an outlet in the historic centre of the capital city Oslo.
Four additional outlets will be opened in 2022, in Bergen, Stavanger, Trondheim and Kristansand.
The automaker said its first export model would be its flagship ES8 SUV, followed by the ET7 sedan in 2022. It would start taking orders in July, once its local app is up and running.
The company would also open its first delivery and aftersales centre in Oslo in September, which would be also expanded the following year, along with the launch of a mobile servicing, a car pickup-and-delivery service and a network of battery charging and swap outlets.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataNio sold 27,162 EVs in China in the first four months of 2021. The company said overall demand remained strong but production was likely to be held back in the second quarter by the global shortage of semiconductors.
This story was originally published on Just Auto, part of the GlobalData network.
