August 8, 2022
NIO (NYSE: NIO, HKG: 9866, SGX: NIO) is shaking up its control construction, appearing that

NIO (NYSE: NIO, HKG: 9866, SGX: NIO) is shaking up its control construction, appearing that the Chinese language electrical car (EV) maker is expanding its efforts to enlarge in Eu markets.

The corporate nowadays issued an inside announcement on an organizational restructuring that reorganizes the control of its Eu industry, in line with Sina Tech.

Chen Chen, head of Eu industry building, and common managers of Eu nation firms started reporting to NIO co-founder and president Qin Lihong, in line with the document.

The previous World Industry Building Division, a first-tier unit, used to be renamed Eu Industry Building Division, nonetheless headed by means of Chen, who studies to Qin.

The dep. can have a brand new secondary division, Eu Consumer Operations and Eu Consumer Building, headed by means of Chen, who prior to now reported to Steven Feng, NIO’s leader monetary officer.

NIO’s inside crew acknowledges Feng’s earlier paintings in main the crew’s preliminary building of Eu industry, and the most recent announcement additionally evaluates him with “remarkable contribution,” in line with the document.

NIO introduced its reliable access into Norway on Might 6 ultimate 12 months, marking its first forestall in another country.

The corporate’s first fashion introduced in Norway is the ES8 SUV, and its flagship sedan, the ET7, may be anticipated to be to be had within the nation this 12 months.

NIO formally launches the ES8 in Norway on September 30, 2021, and its first native NIO Area, positioned at Karl Joans Gate 33 in downtown Oslo, used to be open for industry from October 1.

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On the NIO Day 2021 match on December 18, William Li, founder, chairman and CEO of NIO, mentioned the corporate will input Germany, the Netherlands, Sweden and Denmark in 2022.

NIO opened its first native NIO Provider Heart in Norway on Might 12 and delivered its five hundredth car within the nation at a rite.

The corporate plans to open its 2d NIO Area in Norway, with a complete space of 312 sq. meters, in line with a piece of writing within the Norwegian model of the NIO app posted on Might 25.

“NIO is a top rate automobile emblem and can create a top rate person enjoy. We’re happy to have discovered premises that mirror this in Strandgata 15 and are satisfied that the customers will likely be rejuvenated,” mentioned Marius Hayler, CEO of NIO Norway, within the article.

The brand new NIO Area is predicted to open within the 3rd quarter, precisely 12 months after the hole of NIO’s first facility in Norway.

This newsletter used to be first printed by means of Phate Zhang on CnEVPost, a web page that specialize in new power car information from China.