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Nio Firefly targets global markets with first model launch in April

Nio's Firefly brand is set to launch its first model on April 19, targeting global markets with a focus on small cars. The model, priced at RMB 148,800 ($20,510), features advanced safety with nine airbags and will utilize Nio's battery swap stations. Despite facing a 30.7% tariff in the EU, the brand aims to compete with established players like BMW Mini and Mercedes-Benz Smart.
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