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NIO is making a landmark push outside of China into this electric-vehicle-obsessed country

Provided by Dow Jones By Jack Denton NIO will compete against Chinese rival XPeng with its push into Norway Chinese electric-vehicle company NIO will make a landmark move later this year by pushing into its first market outside of China, the company said on Wednesday. NIO (NIO) will expand into Norway, one of the most electric-vehicle-obsessed countries in the world, with the group s first service and delivery center set to open in the capital Oslo in September. Four more spaces will come in 2022 in Bergen, Stavanger, Trondheim, and Kristiansand, as the after-sales service network goes nationwide, the group said. From its founding, NIO s vision is to be a global brand with high-quality products and services to the users worldwide, said William Li, NIO s founder, chair, and chief executive. Norway is a sustainable and innovative country and resonates with our vision.

Tesla s market share in Europe keeps crumbling, as China reclaims top spot in global EV race

Tesla’s market share in Europe keeps crumbling, as China reclaims top spot in global EV race MarketWatch 3/2/2021 © AFP via Getty Images Tesla’s share of the critical European battery-electric-vehicle market crumbled in the first month of 2021, and China has taken the top spot from Europe in the EV race, according to new research. Tesla’s trajectory in Europe is in decline. There were 1,619 registrations of Tesla’s battery-electric vehicles in 18 key European markets in January, representing 3.5% of all battery-electric vehicles registered that month, according to a report based on public data by automotive analyst Matthias Schmidt. In 2020, the U.S. car maker saw 1,977 vehicles registered in January more than a 5% market share.

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