The new Firefly brand will be positioned below the parent company Nio and the upcoming Tesla-rivaling Onvo stablemate
The new brand, formerly known as Alps, will roll out a Tesla Model Y rival later this year
The first EV sold under affordable Alps subbrand, Nio’s latest test vehicle has come out swinging
Both models should be underpinned by the firm’s third-gen platform and offered with 60 kWh and 90 kWh batteries
The updated Nio EC6 NT2 will make its debut next month at the Shanghai Auto Show
Chinese brand has already hit the market in Europe and Scandinavia, and hopes to launch in the U.S. in 2025
