NIO said Tuesday its small electric vehicle model, the firefly, now starts at RMB 79,800 ($11,128) for customers who subscribe to a battery-leasing service with a monthly fee of RMB 399. The price is ...

NIO Inc. (NYSE:NIO) shares are trading higher on Tuesday. The company’s sub-brand Firefly, which focuses on compact electric vehicles, announced an early rollout of its battery rental sales model.

Electric car brand Nio hit a milestone this week, swapping 146,649 batteries in a single day, highlighting the ease of use and popularity of the new technology which could be the answer to long EV ...