Phate Zhang

Nio shares rose 156% in the fourth quarter, peaking at $57.20. The stock was traded at $56.67 as of the market close on Friday.

Referring to his goal, Nio's Li quoted the famous Three Kingdoms era in Chinese history, and his words, if translated directly, were "The world is divided into three kingdoms, and we want to be one of them."

The recall includes 20,428 units of some imported Model S vehicles with production dates between September 18, 2013 and February 20, 2018, and 15,698 units of some imported Model X vehicles with production dates between March 12, 2016 and February 16, 2018.

Chinese electric vehicle maker Nio said today it entered into an agreement to purchase 3.305% of Nio China's stake for RMB 5.5 billion from two of the minority strategic investors that invested in Nio China in April 2020.

Nio announced on Thursday that it entered into an agreement with the municipal government of Hefei, Anhui province, where Nio China's headquarters is located, to jointly build a “world-class” smart electric vehicle industrial campus.

It has an initial planned annual capacity of 10,000 Superchargers and is primarily a V3 charging pile, which is Tesla's most advanced charging pile to date.

Chinese automaker BYD sold 20,178 new energy vehicles in January, up 182.88 percent year-on-year, but down 30 percent from 28,841 vehicles in December.

Huawei and BAIC New Energy's jointly-built model will be announced in April this year and launched in November, cls.cn quoted BAIC New Energy sources as saying.

Under the agreement, Nio will receive support from Red Star for the construction and operation of the stations in 2021.

Xpeng's January shipments reached a record 6,015 units, a 470% year-on-year jump, which Credit Suisse said reflects Xpeng's improved shipment capacity, newly introduced smart systems, ability to expand its brand and marketing efforts.