萤火虫Firefly

Is Firefly Chinese? Yes

Facts checked Ownership as of 4 September 2026

Yes

Firefly is Chinese. It is NIO's small-car brand, launched in 2025 for city cars aimed at Europe as well as China, and is the cheapest of the group's three badges.

Chinese holding: 100% as of 4 September 2026.

The chain

The ownership chain behind this answer, owner first.
Step Entity Kind Origin
1 William Li person CN
2 NIO group CN
3 Firefly brand CN

Holding by holding

  1. L'imad owns CYVN Holdings at 100% since January 2026.

    L'imad wholly owns CYVN Investments, the entity that holds the NIO shares, following the January 2026 reorganisation of Abu Dhabi's holdings.

  2. CYVN Holdings holds a stake in NIO at 20.1% since 27 December 2023.

    CYVN Investments RSC Ltd of Abu Dhabi built its holding through an investment of about US$1.1 billion completed in July 2023 and a US$2.2 billion share subscription that closed on 27 December 2023 under an agreement dated 18 December 2023. Its Schedule 13D/A filed on 28 February 2024 reports 418,833,157 NIO Class A ordinary shares as of 26 February 2024 — 21.7% of the Class A shares and about 20.1% of all ordinary shares outstanding — with sole voting power over all of them. CYVN appointed two directors to NIO's board on 7 February 2024.

  3. NIO controls Firefly since 21 December 2024.

    NIO Inc. launched Firefly as its third marque at NIO Day on 21 December 2024, with the first car due in April 2025. Firefly is a brand of NIO Inc., not a separate company, and NIO reports its deliveries within its own totals.

Is Firefly Chinese: the short answers

Is Firefly Chinese?
Yes. Firefly is Chinese. It is NIO's small-car brand, launched in 2025 for city cars aimed at Europe as well as China, and is the cheapest of the group's three badges.
How much of Firefly is Chinese-owned?
100%, as of 4 September 2026.
Who owns Firefly?
William Li sits at the top of the recorded chain. The ownership page sets out every step with its stake and date.

Related

Sources for this answer

  1. Wikipedia, List of automobile manufacturers of China. Read . Firefly listed as a NIO brand.