<ul><li>Nio has unveiled the first electric vehicle under its Firefly budget brand, a hatchback with Honda e design cues.</li><li>The Firefly EV will debut in China in April and arrive in Europe in the second half of 2025.</li><li>It supports battery swapping from Firefly-specific swap stations, which cost a third compared to Nio's current stations.</li><li>Firefly EV will be sold through existing dealer networks, with a subscription-based 'battery as a service' model.</li></ul>

Nio Budget Brand Firefly Unveils First EV And It Looks Familiar

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