China’s Nio says new Firefly EV to go on sale in Europe in H1 2025

By X-blogger - on December 23, 2024

China’s Nio said it would launch its new Firefly electric vehicle brand in Europe early in the first half of 2025, betting that it would help the company overcome European Union tariffs. Nio unveiled the Firefly brand on Saturday and touted it as a rival product to Mercedes’ Smart and BMW’s Mini.

NIO shares gained 1.3% in the last session. The MACD is giving a negative signal.
Support: 4.2465 | Resistance: 4.8166

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