NIO releases its first Firefly electric car, expected to enter Europe in 2025

Weilai recently released the first model of its affordable brand "Firefly", a hatchback electric car. The car retails for more than $20,000 in China and is expected to enter the European market in the first half of 2025. Although the price in Europe may be higher due to tariffs and price increases, the company believes that it will still be competitive when facing competing brands such as smart or Mini.