Nio
Nio sees 5,205 insurance registrations in November, surpassing BMW and Audi's combined NEV sales in China
With 5,205 insurance registrations in November, Nio is significantly ahead of the three major German luxury brands in China's high-end new energy passenger car market, surpassing the combined new energy vehicle sales of BMW and Audi, and ranking second only to Tesla.
Nio plans to issue 60 million additional ADSs, stock down nearly 5% after hours
Chinese EV maker Nio today announced plans to offer 60 million American depositary shares (ADSs), each representing one Class A ordinary share of the company.
Nio, Xpeng, Li Auto's timeline for funding this year
Tesla, Xpeng, and Li Auto have all issued or announced plans to issue additional shares, leaving Nio the only major EV maker not having announced such plans as of Thursday.
Nio founder cites strong local supply chain as advantage for Chinese EV companies
Automotive brands around the world are basically looking for supply chains in China, including Tesla, Toyota, and Volkswagen, which is a huge advantage for local brands, William Li Bin said.
Will Nio follow Tesla, Xpeng, Li Auto in issuing additional shares?
William Li Bin, the founder of Nio, said the company has no plans to raise additional funding in the short term to support Nio's growth.
Chip shortage haunts Chinese automakers, will Nio, Xpeng and Li Auto be affected?
A spokesperson for Nio told cnTechPost in Chinese which translated as "there is no impact at this time, Nio has been prepared in advance."
Wall Street looks to Nio as Tesla becomes too expensive
The average analyst price target for Nio is $49.01, with a 14% upside from Friday's closing price, while the average for Tesla is $403.24, a third below the current price.
How does Nio build cars? We made a site visit
Nio founder William Li Bin said Nio's new factory in Hefei is of a very high standard. So what's the reality? On December 4, cnTechPost paid a site visit to the plant and got some answers.
Nio begins accepting applications for tickets for Nio Day 2020
Nio is expected to unveil it's fourth new car, a flagship sedan, at Nio Day 2020.
Tesla merging with Nio? This idea is starting to emerge
The idea sounds crazy, but there are already media outlets that are seriously discussing the likelihood of Tesla merging with Chinese EV startup Nio.
