Nio will close its Cologne sales and service hub at the end of September. This marks the second of its three German hubs to shut down this month.
The company attributes the move to business optimisation amid tariffs and increased competition. Nio reportedly registered only one new vehicle in Germany during August.
Nio’s sub-brand, Onvo, will launch a Starry Gold design package for the L90 model on September 23. This low-cost marketing strategy aims to refresh existing models and increase brand exposure.