[Full text] 'The next two years are crucial for our success,' Nio's William Li says in internal letter
“We must keep launching competitive new products and improving our operational efficiency to double our sales next year and achieve profitability in 2026. These are goals we cannot afford to miss,” Li said.
EU official hints at possible change on China EV tariffs
Brussels and Beijing are close to reaching a solution on tariffs on Chinese EV imports into the EU, an EU official said.
Nio celebrates 10th anniversary with over 620,000 users
Nio, founded on November 25, 2014, is starting multi-brand operations, having already launched the Onvo sub-brand and will launch the Firefly brand next month.
Tesla offers limited-time discount on Model Y in China, extends 5-year, 0-interest financing to Dec 31
Tesla is offering a limited-time discount in China for two less expensive variants of the Model Y, probably because the crossover's major refresh is not far away.
Nio denies after rumor of acquisition by BYD swirls
A Nio executive has denied a rumor that the company will be acquired by BYD, after the fake information circulated widely on social media.
Huawei, JAC joint brand Maextro names 1st model S800, to debut on Nov 26
The Maextro S800 is expected to target the luxury executive sedan market, with potential rivals set to include the Mercedes-Benz S-Class, BMW 7 Series, Audi A8, and Nio ET9.
Xiaomi's 2nd EV model could be launched in Q1 2025, report says
Xiaomi's second EV model is scheduled to hit the market in February or March next year, internally codenamed MX11, and will compete directly with the Tesla Model Y, according to local media.
Great Wall Motor to adopt Huawei's driver assist system, report says
Great Wall Motor will become the latest to adopt Huawei's smart driving system after BYD, and its first model to feature the system will be the Tank 700 Hi4-T off-road SUV, according to local media.
Deutsche Bank expects Nio brand to sell 223,000 cars in 2025, Onvo 219,000, Firefly 8,000
Deutsche Bank raised its sales forecast for Nio Inc in 2025, using the same 450,000 full-year 2025 sales assumption as the company's guidance.
Nio officially unveils 3rd brand Firefly, debut model to begin deliveries in H1 2025
Firefly is positioned in the boutique compact car market and leverages existing sales channels to drive growth, Nio said in a statement.