Market Chatter: Nio Unveils Small EV Under Firefly Brand

MT Newswires Live16:23

Nio (HKG:9866, SGX:NIO) rolled out a small electric car under its Firefly brand during an event in Guangzhou, China, the South China Morning Post reported Sunday.

The new vehicle, seen to compete with the Mini of BMW and the Smart of Mercedes-Benz, would be priced at 148,000 yuan, with deliveries set to begin in April, the report said, citing remarks by co-founder and Chief Executive Officer Wiliam Li.

Firefly models will be eligible for the company's battery swap technology, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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