Chinese EV brand Nio launches budget Firefly model aimed at new Renault 5

Nio’s budget Firefly model is on sale in China for around £16,000 - (Nio)

Chinese EV maker Nio has launched its budget brand Firefly, set to take on cut-price electric cars like the new Renault 5, Hyundai Inster, Citroen e-C3 and BYD Dolphin.

Although Nio has confirmed that Firefly will come to Europe – to be sold alongside Nio models already on sale on the continent – there are currently no plans for any Nio models to be sold in the UK.