"Nio, the Chinese electric vehicle manufacturer, is facing a significant downturn in Germany's registration numbers, with a staggering 89% drop reported in recent months. This drastic decline is largely attributed to a major shift in Nio's business model, which has seen the company focus more on direct sales and less on traditional dealership networks. As a result, many German customers who had previously purchased Nio vehicles are now unable to register their cars due to a lack of dealership support. The move has raised concerns about the long-term viability of Nio's business strategy in the highly competitive European market."
Nio Sees Germany Registrations Crashing 89% Amid Business Model Change eletric-vehicles.com
