Nio
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.
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.
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.
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.
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.
Nio ET5 to arrive in several markets, including Norway, in spring 2023, CEO says
Nio will start delivering the ET5 in China in September 2022.
Nio-backed chip maker Black Sesame partners with self-driving tech provider MAXIEYE to create smart driving solutions
The two companies will release product solutions for a next-generation, high-level smart driving platform in 2022, covering both high-speed and low-speed scenarios.
Nio partners with IKEA, 800th swap station in China goes online
The launch of the station is just the first step in its partnership with IKEA, and more battery swap stations will appear in IKEA malls in the future, Nio said.
Charging or swapping? Analysts list pros and cons
CITIC Securities expects energy replenishment to remain primarily charging, supplemented by battery swap, over the next five years, but the latter's adoption will accelerate significantly.
Volvo exec reportedly to join Nio to lead its German market expansion
Volvo's director of commercial operations in Germany will join Nio in March as the Chinese EV carmaker's general manager for the German market, German media reported.