Nio faces European users to address software delays and reaffirm vision

CnEVPost
2026.05.29 02:11
portai
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Nio reaffirmed its commitment to the European market during a face-to-face event in Utrecht, addressing user concerns over software delays. Executives acknowledged the need for improved communication and transparency, while announcing no immediate plans for the Banyan 3.0.0 system in Europe. Nio is restructuring its operations, shifting to a distributor model in several countries, and focusing on the domestic market for growth. The company reported a profit of 66.8 million yuan in Q1 2026, marking its second consecutive profitable quarter.