Written by Cláudio Afonso | LinkedIn | X
As it prepares to enter the United Arab Emirates (UAE) market later this year, the Shanghai-based electric vehicle maker Nio has just concluded a two-week test of its vehicles under extreme heat conditions.
The team subjected Nio’s vehicles to a range of harsh conditions, including temperatures reaching up to 123.8°F (51 degrees Celsius), solar radiation levels as high as 1000 watts, fine sand, dunes, and mountain roads, according to a post on Weibo from the automotive blogger Artur Shen.
In the shared pictures, among others, are Benjamin Steinmetz, Nio’s Product Experience Director in Europe, and Danilo Teobaldi, Principal Chief Engineer.
During the first-quarter earnings conference call in early June, Nio founder and CEO William Li announced the company’s plans to expand into the Middle East later this year.
“Regarding our entry into the Middle East market, we are preparing to offer our products and services in the UAE,” Li stated.
Nowadays, Nio sells predominantly in China as the five European markets — Norway, Sweden, Denmark, Germany and The Netherlands — represent a small part of the company’s customer base.
In December 2023, Nio secured a $2.2 billion investment from CYVN Holdings, an Abu Dhabi-based investment vehicle, which increased CYVN’s ownership to 20.1 percent of Nio’s total issued and outstanding shares.
This followed a $1 billion investment made by CYVN a year ago in July 2023.
Written by Cláudio Afonso | LinkedIn | X
