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HomeAutomotive news China, Europe, USAEV / Electric vehicleNio to launch a sub-30,000 EUR electric car in Europe in 2025...

Nio to launch a sub-30,000 EUR electric car in Europe in 2025 under Firefly brand

Nio France General Manager Nicolas Vincelot shared insights about upcoming EVs from Onvo and Firefly brands at the China-France Business Council. He said the Onvo L60 will launch globally in late 2024. Mr. Vincelot also pointed out that the Firefly EV will also enter Europe in 2025 with a price tag below 30,000 EUR (32,275 USD).

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The Sixth Meeting of the China-France Business Council was held in Paris from May 3 to May 6. It is a huge event, which was closed by Chinese President Xi Jinping. At the same time, hundreds of high-ranking businessmen and experts participated in the forum. During the event, Nio France GM Nicolas Vincelot disclosed the future development of the Nio’s Onvo and Firefly brands in Europe.

Nio’s future in Europe

Mr. Nicolas Vincelot (photo credit: LinkedIn)

According to Mr. Vincelot, the Onvo L60 electric car from Nio will launch globally in late 2024. It is the Tesla Model Y competitor previously known by its codename Alps. It is rumored to sell for 220,000 yuan (30,500 USD) in China. The Onvo L60 will offer two battery options for 60 and 90 kWh. Other features of the L60 are high-voltage 900V platform and a Snapdragon 8295 chip. 

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Firefly EV

Nio France GM also shared some valuable insights about the first model of Nio’s second brand, codenamed Firefly. Nicolas Vincelot said it will launch in Europe in 2025 with a price tag below 30,000 EUR (32,275 USD). Previously, it was reported that the Firefly EV’s price range would be below 200,000 yuan (28,300 USD) in China. It means this vehicle will enter Europe with a minimum markup.

More about Firefly EV

Firefly is an affordable EV brand under Nio that is designed explicitly for Europe. Its first model is an electric hatchback, which was spied several times in China. This compact electric car has a funky exterior styling with blocky headlights, retractable door handles, and short overhangs. The Firefly EV will support battery swap technology, same with current Nio-branded cars.

Chinese sources mention different production plants as the assembly locations of the Firefly EV. The first is the Cheetah Automobile Factory in Chuzhou, Anhui. The second option is the Nio’s F1 factory in Hefei, Anhui. 

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Source: Guandian

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