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Benzinga
Benzinga
World
Shanthi Rexaline

Nio Gets Started On Mass Market Sub-Brand With Planned Annual Production Of 60,000 Units: Report

NIO

Nio Inc - ADR (NASDAQ:NIO) shares are expected to take off in a big way in 2022, with the turnaround thesis premised on new product launches expected to boost volumes.

What Happened: Nio has commenced the development of a mass-market model at its Hefei manufacturing base in China's Anhui province, the CnEVPost reported, citing local media. The model will be positioned at a tier below its existing SUV models and the sedan models, such as the ET5, scheduled to be available later this year, the report added.

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