AsianFin -- Chinese electric vehicle maker Nio announced on Monday that it will expand into three new international markets—Singapore, Uzbekistan and Costa Rica—between 2025 and 2026, as part of its ongoing global growth strategy.

The move underscores Nio’s efforts to diversify its presence beyond China and Europe, where it has already launched sales and services in markets such as Norway, Germany and the Netherlands.

By tapping Southeast Asia, Central Asia and Latin America, Nio aims to broaden its footprint in both developed and emerging EV markets as global competition intensifies.