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Nio launches Firefly EV with battery-swap tech

Chinese electric vehicle manufacturer Nio has launched a new model under its Firefly brand, aimed at competing with vehicles like BMW’s Mini and Mercedes-Benz’s Smart.

Priced at 148,000 yuan (US$20,284), the compact EV will be available for delivery starting in April 2025.

It features Nio’s battery swapping technology, allowing a depleted battery to be replaced in under three minutes, and includes self-parking capabilities.

Specific details about the driving range and interior features have not been disclosed.

Recent Nio developments

Timeline
20-Dec-2024 🚗 Nio aims profitability, global growth by 2026
  • Nio targets profitability by 2026
  • Aims to double vehicle deliveries by 2025
30-Sep-2024 🚗 Nio subsidiary earns $471m in funding
  • Nio subsidiary secures 3.3 billion yuan funding
  • Hefei government continues support for Nio’s growth
21-Dec-2023Nio bags $2.2b investment from Abu Dhabi-based CYVN
  • Nio secures $2.2B investment from CYVN Holdings
  • CYVN gains 20.1% stake and board nominations
12-Jul-2022 📉 Nio hits back at fraud allegations, launches independent investigation
  • Nio responds to fraud allegations with investigation
  • Company stocks drop nearly 9% following report
07-Nov-2019 🚗 Nio, Intel’s Mobileye to bring autonomous cars to China, other markets

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