Chinese electric vehicle maker Nio (9866.HK) is considering building a dealer network in Europe to speed up sales growth, three sources familiar with the matter said, even as China's EVs face potential tariffs in the region.
Nio, an aspiring rival to Tesla (TSLA.O) with premium models, launched in Norway in 2021 and entered Germany, the Netherlands, Sweden and Denmark in October last year, allowing customers to buy directly from its stores or online or to lease the cars for as short as a month.
But the company has started assessing dealers in key European markets, two of the sources said, after the company's president last month said sales in Europe were not meeting expectations.
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