Nio's Firefly EV brand seeks growth in right-hand drive markets without tariffs [Yahoo! Finance]
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Source: Yahoo! Finance
tariffs on Chinese EVs and is preparing to ramp up ?deliveries to those destinations next year. On Tuesday, the brand said it rolled out its first batch of right-hand drive ?models for export to Singapore. Firefly also plans to enter Thailand and Britain in 2026 and talks are ongoing with local distributors, CEO Daniel Jin told ?Reuters. "We will significantly ramp up our efforts in countries without tariff barriers in the short term," Jin said, naming Britain, Australia, New Zealand and Southeast Asia as key markets. He declined to say how many cars Firefly expected to sell in those markets, but warned the pace would likely be slow as consumer trust builds. Like others in China's crowded and competitive EV market, Nio is ?facing pressure to improve its profitability as consolidation ?heats up. In the last two years, Nio has introduced two new lower-price brands - Onvo and Firefly - helping push monthly sales to a record high of 40,397 units last month, ?nearly doubling its
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