Nio

Nio has acquired a 19.9 percent stake in Neo Fusion and Nio Capital has acquired a 10.1 percent stake.

Nio and Autoliv are working together to develop a new airbag concept that provides comprehensive protection for different seating positions.

The new ES6 will be Nio's fastest model from official launch to delivery, and the company is marketing the model with unprecedented intensity.

The Firefly is Nio's smaller model project that is expected to debut in Europe in the third quarter of 2024, company executives previously said.

The upgrade will be available starting May 31 and will cost owners RMB 1,980.

Nio's sales appear to continue to be dampened by the upcoming new ES6, as potential consumers may be waiting for this more cost-effective SUV.

Nio and Shell signed a strategic partnership agreement in November 2021 to collaborate on charging and battery swap facilities in China and Europe.

The new ES6 will be officially launched on May 24, with test drives available on the same day and deliveries starting on May 25, Nio said today.

Wait times for the EC7 have changed from about 5 weeks to 5-7 weeks, and for the ET5 from about 2 weeks to 2-3 weeks.

Nio is building a R&D Center in Singapore, where it looks into smart power solutions & autonomous driving technologies, said Lawrence Wong.