SHANGHAI (Reuters) -Chinese electric vehicle maker Nio will launch its Firefly electric vehicle in Europe in the third quarter, its president Qin Lihong said on Tuesday.
The company’s progress in Europe has been slower than expected and they had underestimated challenges in sales and service network expansion, Nio’s CEO William Li told reporters at an event ahead of the Shanghai auto show.
(Reporting by Zhang Yan and Nick Carey; Writing by Brenda Goh; Editing by Jacqueline Wong)
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