Written by Cláudio Afonso | LinkedIn | X
Nio registered 40 electric vehicles in Norway in December 2024, bringing its total registrations for the year to 877 units. In Norway, the world’s leading EV market, Nio’s annual registrations rose by 42% to 877 units in 2024, up from 616 in 2023 but still below the 1,127 recorded in 2022.
The fourth quarter of 2024 saw Nio register 294 vehicles in Norway, up from 207 in the third quarter. Despite December marked the weakest month of the year, the quarter was still the second-best quarterly performance since it entered the market in 2021, behind the fourth quarter of 2022.
Last October, Nio achieved its highest monthly registrations in Norway, with 184 vehicles, surpassing its previous monthly record of 140 units in December 2022 — data from EU-EVs showed.
In Norway, fully electric cars accounting for 88.9% of new vehicle sales last year, up from 82.4% in 2023, according to the Norwegian Road Federation (OFV). With a total of 128,691 new vehicle registrations recorded by the OFV, electric vehicles accounted for 88.9% of the new car market in 2024, up from 82.4% in 2023.
Nio entered the Norwegian market in September 2021, its first international market outside China. In November, the company opened its 20th battery swap station in Norway, located in Trondheim. These stations allow drivers to swap their car’s battery for a nearly fully charged one in minutes.
The company has also expanded its financing options in Norway through its partnership with Santander Bank, offering loans, hire purchase agreements, and leasing plans. The partnership, established in 2023, has been extended to Norway following Germany, Denmark, and Sweden.
In August, Oslo Taxi selected Nio as its preferred electric vehicle supplier. In November, Oslo has banned internal combustion engine taxis, with 88% of new taxis purchased in Norway this year being electric, according to the Road Traffic Information Council.
Written by Cláudio Afonso | LinkedIn | X
