Nio denies battery swap benefits for owners will be reduced
In response to recent rumors that it's car owners' free battery swap benefits will be drastically reduced or even cancelled, Chinese EV maker Nio today denied.
Tesla sets up insurance brokerage company in China
Tesla set up an insurance brokerage company in China on August 6 with a registered capital of 50 million yuan, regulatory documents show.
Nio says it prepares to enter global markets, but this year is not the right time
Nio has made preparations to enter the global markets, but this year is certainly not the right time, Li Bin, the Chinese electric vehicle (EV) maker's founder, chairman, and CEO, said in the company's earnings call following the release of its second-quarter financial results today.
Nio says its BaaS business sees significant progress, will release implementation details in Q3
Nio's Battery as a Service (BaaS) business model has made significant progress, with the first BaaS vehicle having completed validation of insurance, loan, and registration processes, said Li Bin, Nio's founder, chairman, and CEO, during the earnings call.
Li Auto delivers 2,516 Li ONEs in July, up 33% from June
Chinese electric vehicle (EV) maker Li Auto has released its first monthly sales figures following its IPO in the US.
Chinese Tesla rival Xpeng responds to its car fire
A video today showed that an Xpeng G3 in Guangzhou caught fire on the street and was surrounded by smoke. Firefighters arrived at the scene to extinguish the fire.
Nio shares surge 11% pre-market as it sees lowest operating loss in Q2
Nio's financial report today showed a huge increase in revenue and a positive gross margin in the second quarter. After the results were announced, its shares surged in pre-market trading hours.
Nio's William Li says EV development accelerates, but legacy automakers still have a chance
Nio founder, chairman and CEO Li Bin said today that even though Tesla's market cap exceeds Toyota's, its market share is still very low. The auto industry is not winner-take-all, which gives more opportunities to startups like Nio and legacy car makers.
Nio's tech vendor reaffirms co-op on battery swap station
Chinese technology company CSG Smart Science said today in response to a question from investors that it has a partial contract with Nio for the battery swap station project that is currently underway.
China's July sales of new energy vehicles up 19.3 percent year-on-year
China's passenger car sales in July rose 8.5% year-on-year, while sales of new energy vehicles rose 19.3%, according to the China Association of Automobile Manufacturers.