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NIO opens first Americas store in Costa Rica, launching all 3 brands at once
NIO has opened its first showroom in the Americas in San José, Costa Rica, marking its debut in the Western Hemisphere and the first time all three of its brands (NIO, Onvo, and Firefly) have launched simultaneously in an overseas market. This strategic move leverages Costa Rica’s high EV adoption rates and aligns with NIO’s new partnership-based distribution model for global expansion, aiming to be in 40 countries by year-end 2026. Despite potential challenges from recent tax changes affecting premium EV prices, the expansion is supported by NIO’s strong operating results, including its first quarterly net profit in Q4 2025.