Munich - European EV headquarters
Updated: May 11
Hallo, wie gehts? Heute reisen wir nach Deutschland. Nach München.
Munich, Germany is now the headquarters of 2 Electric Vehicle companies publicly traded on the New York Stock Exchange.
EV-News.com's Video Below
Chinese based NIO has chosen Munich as their European headquarters.
With NIO European sales anticipated to begin in Norway at the end of 2020 and into 2021. Munich, Germany will serve as the headquarters for this respected and successful Chinese EV company. NIO has opened multiple facets of its company including NIO House, NIO Power, NIO Service, and NIO Life.
Fisker recently announced that Munich will serve as their European headquarters. Fisker recently declared that Magna Steyr will manufacture their EVs. Magna Steyr‘s manufacturing plant is in Graz, Austria. From Munich, Germany to Graz, Austria is 4 and a half hour drive. Fisker expects to begin sales of their Ocean in the United States in Europe by the end of 2022.
Companies also Headquartered in Munich
Audi - Automotive Company
BMW - Automotive Company
Microsoft - ($MCST)
Infineon Technologies ($IFNNY)
With Europe establishing plans that by 2025, 25% of new Vehicles will be Electric, NIO and Fisker are attempting to enter the game early. NIO, already a dominate EV player in China, will be welcomed in Europe. I remember traveling around Europe in 2017-2019 and noticed most people had Huawei phones. NIO has and is positioned for success, with China already stating that by 2025, they also want 25% of new cars to be fully Electric. Adding Europe to their Chinese consumer base will allow NIO to live up to its "Tesla of China" name. I fully expect NIO to continue setting new Quarterly sales records in the future.
As for Fisker, it is further behind. It has yet to merge (coming soon) with Spartan Acquisition, and plan on launching the Ocean first. While it will be one of the cheapest EVs on the market and the most sustainable vehicles, Fisker investers are beginning to realize that the US EV market/industry is still in the infancy stages. EV-News.com does predict big things for Fisker and the entire US Based EV industry in 2021 and beyond.