Phate Zhang
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Robot vacuum maker Roborock founder's car-making project reportedly gets Tencent investment and rejects Nio Capital
Rox Motor received $100 million in financing in late 2021, with Tencent's investment amounting to more than $50 million, according to local media.
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Why is Nio setting up an insurance unit?
Industry sources said that carmakers can integrate insurance services and sales by setting up their own insurance business, which can also maintain a closer relationship with users.
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Hozon, which owns Neta brand, reportedly seeks pre-IPO financing at $7 billion valuation
Hozon is seeking to raise about $500 million ahead of a potential Hong Kong IPO this year, valuing it at RMB 450 ($7.1 billion), Bloomberg reports.
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Guosheng Securities initiates coverage on Nio with Buy rating and $50 price target
The team said Nio is a first mover in the premium electric vehicle market and is bullish on its potential for intelligence and the expansion of its user base with lower-priced products.
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Nio sets up insurance brokerage firm with registered capital of about $8 million
Nio recently incorporated an insurance brokerage company in Hefei, Anhui Province, where its China headquarters is located.
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Guosheng Securities initiates coverage on Xpeng with Buy rating and $66.7 price target
The team expects Xpeng's sales to reach 190,000 units in 2022 and 550,000 units in 2025 with a 7 percent market share in China.
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Nio opens new lines under Power Up Plan, second this year
To date, Nio has opened a cumulative total of 19 power supply lines under the Power Up Plan.
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Exclusive: Nio, Xpeng may use large die-casting units from their common supplier
Nio, Xpeng's supplier Guangdong Hongtu saw the 6,800-ton integrated die-casting machine come off the production line and started developing a 12,000-ton die-casting unit.
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Shanghai leads in China's NEV sales in 2021
Tesla Model Y and Model 3 both sold more than 20,000 units in Shanghai in 2021, making them the most popular models among local residents. The Nio ES6 is ranked fifth with 6,228 units.
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Emergency charging pod put into operation in China to ease resource constraints on highways
During non-holiday periods, these facilities can be relocated to charging stations in urban areas where charging demand is high.
