NIO (HKG:9866, SGX:NIO,NYSE:NIO) plans to expand its Firefly model this year to 16 additional countries, including the Netherlands, Norway and Costa Rica, Xinhua reported Thursday, citing its founder, William Li, who made the announcement at a Shanghai auto show.
The Chinese automobile maker expects the Firefly brand to be a key driver in its sales growth, the report said.
NIO's Hong Kong shares rose less than 2% in recent trade.
NIO Inc. soars 7.47% at 10:00 am, Apr 25th.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.