Written by Cláudio Afonso | LinkedIn | X
In a live video streamed on Monday, Nio’s founder and CEO William Li revealed that the first Nio House in the Middle East region will open in November as the electric vehicle maker prepares to start deliveries in the United Arab Emirates.
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 per cent of the company’s total issued and outstanding shares.
The investment followed a $738.5 million investment made by CYVN in July 2023.
“Nio House in Abu Dhabi will open in November. I am planning to go to Dubai later this year or next year,” Li stated.
As recently reported by EV, the rollout of battery swap stations is also being prepared with the first one planned to open over the next two months at the Yas Marina F1 Circuit, thirty minutes away from the capital Abu Dhabi.
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Roberto Lopes da Silva, Nio’s general manager for the market, joined the company in May after spending one year as a Chief Sales Officer at the Canadian EV company AXL.
In late 2021, the EV manufacturer opened its first showroom outside China. Located in the Norwegian capital Oslo, the two-floor store spans 2,100 square meters and marked the company’s entrance into the European market.
After expanding to Norway in 2021, Nio expanded to Germany, Denmark, Sweden and The Netherlands in October 2022.
In July, Nio’s engineering and product development team tested its vehicles to a range of harsh conditions in the Desert, including temperatures reaching up to 124°F (51 degrees Celsius).
Written by Cláudio Afonso | LinkedIn | X
