Energy Insider: EV Startup Nio Eyes Europe Expansion

In today’s Caixin energy news wrap: Coal production rebounds in China after cold wave passes; eastern China’s Haiyang city becomes the first to adopt a net-zero heating system; Sinopec’s hydrogen project in Shandong to start operation.

Nio eyes expansion into five European countries

Chinese electric vehicle startup Nio Inc. plans to make forays into at least five European countries next year, Chairman Li Bin said Wednesday on a conference call. Li said Nio is quite optimistic about its business outlook in Europe as its operation in Norway showed that a quarter of customers placed orders after test drives. Nio opened its first European showroom in Norway.