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NIO CEO says company prepared for market upheaval in 2025
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TechNode
The company has spent a total of RMB 53 billion on research and development after a decade of operation.
Designed to meet the latest Euro-NCAP five-star rating safety requirements, the firefly reflects a mindset that few automakers have adopted in making small vehicles, NIO said.
President Qin Lihong said it aims to achieve “leapfrog development” for the next year when China’s EV market is set for “an upheaval” as profound changes could take place.
Meanwhile, Li confirmed NIO is open to working with CATL to make a battery-swapping network for the firefly.
READ MORE: China intensifies focus on EV battery swapping as CATL joins the battle with NIO
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