Nio Q1 2024 earnings: Deutsche Bank's 1st look
Nio reports generally solid first-quarter result and provided a better-than-expected second-quarter volume outlook, said Deutsche Bank.
Nio Q1 2024 earnings call live updates: Firefly's 1st model to start deliveries in H1 2025
Deliveries of the first model of Nio's third brand, codenamed Firefly, will begin in the first half of 2025, Nio management said.
Nio's revenue slips in Q1 as deliveries decline
Nio guided for second-quarter deliveries of between 54,000 and 56,000 units, meaning June deliveries are expected to be between 17,836 and 19,836 units.
Nio changes strategy on 3rd brand Firefly, 1st model to debut in China instead of Europe, report says
Firefly's first model will make its debut in China, possibly at the end of this year, before launching in Europe in the first half of next year, according to local media.
Xpeng appoints European design veteran who had worked at BYD, Changan as VP of design center
Xpeng appointed JuanMa Lopez as vice president of design center, saying he will drive the evolution and upgrade of the company's design style.
Mercedes-Benz to adopt smart driving solution from Chinese startup Momenta, report says
Mercedes-Benz's all-electric CLA model will be equipped with a high-level intelligent driving solution from Momenta that does not rely on high-definition maps, and will be capable of pilot assisted driving in urban areas, according to local media.
Nio seeking cost reduction advice from partners
Nio is looking to its partners for cost-cutting advice, saying their expertise and industry experience will be important in meeting its cost-cutting goals.
Nio's new orders in May up 37% from Apr, Deutsche Bank survey shows
BYD and Tesla both saw record highs in new orders in China in May, according to Deutsche Bank.
Nio president confirms construction of F3 plant has begun, says F1, F2 can no longer meet demand
Nio's F3 plant is located in Hefei's NeoPark, and with the subsequent launch of new products, the production capacity of the existing 2 factories can no longer meet demand, Qin Lihong said.
Nio gets approval to build 3rd plant in China, report says
The new plant will have a capacity of up to 600,000 units per year, which will raise its total capacity to 1 million units, according to Reuters.