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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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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  • JaniQ
    ·2021-09-24
    Like
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  • SeC
    ·2021-09-23
    Go go go!
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  • Likelike
    ·2021-09-23
    Nio niu (bull)ah!
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    • Junique
      Yes!
      2021-09-24
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  • Bluemountain
    ·2021-09-23
    Like please 
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  • Deonc
    ·2021-09-23
    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
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    • Deonc
      thanks
      2021-09-23
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    • Anneater
      K
      2021-09-23
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  • 夜行星
    ·2021-09-23
    Zzzz[Facepalm] 
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  • 许均哥
    ·2021-09-23
    z
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  • 许均哥
    ·2021-09-23
    n…心∵:
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  • cphoebe
    ·2021-09-23
    Orh
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    • KHYAP
      B
      2021-09-23
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  • ROAD
    ·2021-09-23
    爲國慶獻禮
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    • cphoebe
      Ok
      2021-09-23
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  • jcwe
    ·2021-09-23
    ok
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  • Benzz
    ·2021-09-23
    Good good
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  • BotakTur
    ·2021-09-23
    Ok
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    • Benzz
      Good
      2021-09-23
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    • BotakTur
      Ok
      2021-09-23
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  • HappyWolf
    ·2021-09-23
    [Cry] 
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  • newbiee
    ·2021-09-23
    O
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  • LZH93
    ·2021-09-23
    Like pls
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    • Han96
      Liked
      2021-09-23
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