WeilaiThe CEO of Automobile said in an interview with the media that the electric vehicle startup plans to challenge Audi, Mercedes-Benz and BMW in Germany by next year at the latest.

“We are very interested in Germany,” said Li Bin, co-founder of NIO Auto. “We hope to offer our cars to German customers as soon as possible,” by the fourth quarter of 2022 at the latest.

Li Bin said that NIO Auto believes that German luxury car brands are its main competitors in the short term, butapplesThe company will eventually become an adversary.

NIO Auto, currently valued at 62 billion US dollars (higher than BMW), plans to start delivering electric vehicles in Norway in September, taking the first step in the company's expansion in Europe.

“We are intensively preparing to enter the entire European market,” Li Bin said.