Nio Said To Delay Unveiling Of ES8, Nio House In Norway By A Week

Benzinga2021-09-23

Chinese electric vehicle maker NIO Inc. is delaying the official launch of the ES8 SUV and the opening of the first overseas Nio House in Norway by a week, cnEVpostreportedWednesday.

What Happened: Nio will now launch the ES8 in Norway on Sept. 30 while the first local Nio House in Oslo will be officially open for business from Oct. 1, as per the report that Marius Hayler, general manager of Nio Norway.

The report did not provide any details about the reasons for the delay. It was reported earlier this month the EV maker will open the Nio House in Norway and also announce the local pricing of its flagship ES8 model on Sept. 23.

Nio House is the EV maker’s concept store.

Why It Matters:  Nio’s entry into Norway marks the first step in an ambitious overseas expansion plan charted by the EV maker, which has found success in China as a seller of premium electric vehicles.

NIO CEOWiliam Lihas said that the company may expand into Germany, followed by other European countries, if it achieves success in Norway.

Price Action: Nio shares closed almost 2.3% higher in Wednesday’s trading at $35.70.

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Comments

  • JaniQ
    2021-09-24
    JaniQ
    Like
  • SeC
    2021-09-23
    SeC
    Go go go!
  • Likelike
    2021-09-23
    Likelike
    Nio niu (bull)ah!
  • Bluemountain
    2021-09-23
    Bluemountain
    Like please 
  • Deonc
    2021-09-23
    Deonc
    They are a very disruptive company with a good future ahead in an ever growing industry. Dont panic sell and be patient. Please like and comment
  • 夜行星
    2021-09-23
    夜行星
    Zzzz[Facepalm] 
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