Chinese electric vehicle manufacturer Nio recorded weak sales across Europe in January, with particularly sharp declines in Nordic markets, according to EV.
In Norway – Nio’s first European market – registrations fell 71 percent year-on-year to just eight vehicles. In Sweden, the company sold four vehicles during the month, while Denmark was also among the markets where volumes remained low.
Across nine European countries, Nio registered a total of 56 vehicles in January.
The slowdown follows a broader drop in overseas shipments from China. According to Chinese industry data, Nio exported 121 vehicles in January, down significantly from 750 in December.
Despite the weak start of the year, Nio will continue to expand in Europe. They recently partnered with DHL to handle aftermarket logistics across the region.
