Forbes: Chinese EV Maker Eyes Overseas Market
Jun 3, 2021
Chinese EV maker Nio is chasing growth overseas. Its first step—entering the European market via Norway, in the midst of challenges at home.
The continuing investment in everything from production to marketing will likely mean Nio stays in the red for the next three years, says Teng Yong, a Shanghai-based partner at consultancy Oliver Wyman. In March, Nio, along with fellow Chinese EV makers Xpeng and Li Auto, was said to be considering a second listing in Hong Kong. The founder of Nio isn’t ruling it out but declines to go into details. “We emerged more confident,” he says of his struggles in 2019. “And we are more resolute in pursuing our path.”