Overview

• Nio's hybrid model will target markets such as the Middle East, North Africa, and Europe, addressing slow EV infrastructure development.
• The hybrid vehicle, part of the Firefly brand, is set for a 2026 launch with deliveries beginning in 2027.
• This move marks Nio's first venture into non-electric vehicles, prompted by suggestions from major investor CYVN Holdings.
• Nio will continue focusing on pure electric vehicles within China, maintaining its battery swap technology.
• European tariffs on Chinese EVs have influenced Nio's decision to export hybrid models, which are currently exempt from these duties.