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Investing.com -- Nio Inc (NYSE:NIO) stock jumped 8.2% after the Chinese electric vehicle maker announced it has begun delivering its first firefly vehicles to customers in the Netherlands and Norway.
The company shared the milestone via social media platform X, marking an important expansion of its product lineup in the European market. The firefly model is specifically designed for urban environments, featuring what the company describes as spacious interiors, distinctive design elements, and advanced technology.
According to Nio, early customer feedback has been positive, with users highlighting the vehicle’s safety features, maneuverability, and unique character. The company noted that its initial firefly customers range from first-time electric vehicle buyers to experienced collectors.
The firefly represents Nio’s strategic push to diversify its vehicle offerings and strengthen its foothold in the European market, where competition among electric vehicle manufacturers continues to intensify. The company has been working to expand its global presence beyond its home market of China.
Nio’s stock performance today reflects investor optimism about the company’s execution on its international expansion strategy and the potential for the firefly model to capture market share in Europe’s growing urban electric vehicle segment.
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