Phate Zhang
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Nio taps China funding channels as its subsidiary issues $161 million in ABS
Nio's finance and leasing subsidiary marked the EV maker's debut in the Chinese capital market with a successful RMB 1.03 billion ABS issuance on the Shanghai Stock Exchange.
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Shanghai-based Autoflight completes maiden flight test of manned vehicle V1500M
The V1500M is powered by an all-electric system and has a maximum passenger capacity of 3-4 people and a range of up to 250 km.
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Nio adds 3 swap stations, bringing total to 574
As of October 29, Nio had 547 battery swap stations and 430 supercharging stations providing 2,528 charging piles.
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Nio says October deliveries will be impacted by production line revamp
Nio said the production line has gradually resumed production in the last 10 days of October and will deliver vehicles as soon as possible.
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Nio offers support for construction of national park in China
Nio will provide a number of electric vehicles to help the ecological patrol of Sanjiangyuan National Park.
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SAIC to set up new company to run its R brand
The R brand will focus on the RMB 200,000-400,000 price range, while IM Motors will focus on the RMB 400,000+ market.
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Tesla reportedly booked batteries from CATL enough to produce nearly 800k vehicles
In terms of battery capacity, Tesla's 2022 sales will be at least 1.5 million units, local media reported.
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Nio poaches chip expert as senior exec, signaling renewed efforts on its own chip development
The former Xilinx Labs Asia-Pacific director and CTO joined Nio this month as chief expert and assistant vice president.
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Nio begins offering 75-kWh packs at battery swap stations
The pack is expected to bring users a longer range while reducing costs, but it will be interesting to see how it performs in winter.
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CICC expects global NEV sales to surpass 10 million units by 2022
Referring to the S-shaped growth curve, global vehicle electrification has broken through the tipping point and entered a period of steep growth, CICC said.
