Sales are expected to start in 2025 Q4 in Hungary and Austria, and in 2026 in the other countries, the AutoWallis says.
For NIO, the agreement with the AutoWallis Group means another step to boosting its European presence following its entry to Norway in 2021 and Sweden, Denmark, Netherlands, and Germany in 2022. The Shanghai-based company was established in 2014, operates a battery swapping station manufacturing plant in Biatorbágy, Hungary, and was listed on the New York Stock Exchange in 2018, with shares now also listed on the Hong Kong and Singapore stock exchanges.
NIO runs development hubs in a number of countries around the world, with an engineering center in the United Kingdom, advanced driving assistance development in both California and Berlin, and design studios in Munich responsible for both external and interior design.
Talking about the agreement, AutoWallis CEO Gábor Ormosy said, “We are very proud to partner with one of the most exciting car brands in the world, starting with five countries in the region. The launch of the NIO brand in Central and Eastern Europe draws on our decades of experience in the region and our expertise in the automotive market. It is very inspiring to see the innovation potential of NIO, which is why we look forward to cooperation with our new partner with great anticipation.”
Thijs Meijling, head of NIO Europe Business, added: “Entering Central and Eastern Europe is a significant next step in NIO’s journey. With AutoWallis, we have found a strong and experienced partner that understands the dynamics of the region and shares our vision of premium, smart and sustainable mobility. Together, we will bring not only our premium NIO models but also the new firefly brand to users in these markets — offering innovative technologies, flexible energy solutions and a user experience designed to inspire confidence and convenience.”
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
