Nio’s first budget electric car draws scorn as Chinese EV maker promises a profit

Quick Summary:

It's first budget EV, the Firefly, was unveiled last weekend.

Will Firefly owners, who may pay as little as 100,000 yuan under a battery-leasing model, be allowed into the clubby Nio Houses, for example, the upmarket social spaces reserved for Nio car owners around the world?

Shortly after it displayed a new vehicle at the Guangzhou auto show in November and started taking pre-order deposits of 50,000 yuan, management abruptly cut staff, sparking employee complaints and a customer panic.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaHong Kong

Topics: Three Sales Media Including Years Firefly Million Electric Nio’s Yuan Billion

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-27 @ 09:48:32 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 843 words

Reading Time: 5 minutes read

Sentences: 34 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 24683696

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