NIO to enter the European market in the second half of 2021 at the earliest

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NIO to enter the European market in the second half of 2021 at the earliest

Due to the crisis of NIO financing since last year, people seem to have forgotten NIO’s ambitious ambitions, but Li Bin has not. A few days ago, Li Bin, the founder and chairman of NIO, revealed, “We hope that in the second half of next year, we can try to enter some countries that welcome electric vehicles.


For the time being, Europe does welcome electric vehicles more than China. According to data, from January to July 2020, a total of 500,000 new energy vehicles have been registered in Europe (269,000 pure electric vehicles and 231,000 plug-in hybrid vehicles). According to statistics from the China Automobile Association, In July, 440,000 new energy passenger vehicles were sold in the Chinese market, which was overtaken by Europe. Perhaps this is the reason why NIO is eyeing the European market because it has become an explosive place for new energy vehicles after China.

According to Li Bin, the first stop for NIO to go overseas was the European market, but he did not disclose the specific country; in addition, although NIO hopes to enter the European market in the second half of 2021, this time may also be delayed to 2022. In addition, NIO plans to enter the world’s major markets by 2023 or 2024, and relevant preparations are already underway.