Nio
Nio sold its vehicles at average price of about $68,600 in Sept, $18,000 higher than Tesla in China
Nio's average sales price in September was RMB 47,500 higher than the average price of high-end brands, and RMB 41,600 higher than BMW.
Nio's William Li says holiday charging queues due to faster-than-expected EV adoption
"Nio has accelerated the construction of battery swap stations as well as supercharging stations this year, and our users are relatively happier," Li said.
While Tesla, Nio gain, fuel luxury cars retreat across the board in China
Year-on-year sales performance in Sept: Tesla Model 3 up 68.8%, Nio ES6 up 63.9%, Nio EC6 up 21087.5%, while BMW 5 Series down 21.3%, Mercedes-Benz E-Class down 52.6%, Audi A4 down 53.4%.
Nio's 2nd plant gets major progress in construction, expected to start production in Sept next year
The built plant is expected to be handed over to Nio for the installation of production equipment by the end of November.
CITIC Securities initiates coverage on Nio with Buy rating and $45 price target
CITIC Securities believes that the low- and mid-end EV market is highly competitive, while the high-end market in which Nio is present has fewer players and huge room for growth.
Holiday travel report: How does Nio compare to Xpeng, Li Auto, and WM Motor?
As the company with the most models and the largest vehicle fleet of these four companies, Nio's numbers lead in almost every way.
Chinese official newspaper lauds Nio's move into overseas markets
Chinese automakers, represented by Nio, have seized the opportunity and started to share the big pie of the smart car market in Europe and the US, says the People's Daily.
Analyst says battery swap stations won't put big financial strain on Nio
This analyst said Nio's battery swap stations provide a differentiated experience for customers and will not cause significant financial stress in the short, medium or long term.
Industrial Securities initiates coverage on Nio with Buy rating and $49.5 price target
Industrial Securities says Nio is expected to reach new levels of deliveries and profitability is expected to improve significantly as the new vehicle cycle kicks off in 2022.
Nio says over 36% of users have at least one swap station within 3km radius
Nio added 90 battery swap stations in September, exiting the month with 517. As of October 7, the company's battery swap stations reached 523.