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Business

Nabaparna Bhattacharya

Nio To Enter Armenia Market With Fresh Approach

NIO Armenia NYSE CnEVPost Robert Way

Nio-Photo by Robert Way via Shutterstock

Nio Inc. (NYSE:NIO) reportedly plans to enter the Armenian market with a different approach. The EV company has inked a dealer agreement in Armenia, diverging from its usual approach of appointing distributors in overseas markets.

Armenia's N-Motors, via a LinkedIn announcement, revealed it will introduce Nio vehicles into the landlocked Western Asian nation.

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