Nio
Nio denies battery swap benefits for owners will be reduced
In response to recent rumors that it's car owners' free battery swap benefits will be drastically reduced or even cancelled, Chinese EV maker Nio today denied.
Nio says it prepares to enter global markets, but this year is not the right time
Nio has made preparations to enter the global markets, but this year is certainly not the right time, Li Bin, the Chinese electric vehicle (EV) maker's founder, chairman, and CEO, said in the company's earnings call following the release of its second-quarter financial results today.
Nio says its BaaS business sees significant progress, will release implementation details in Q3
Nio's Battery as a Service (BaaS) business model has made significant progress, with the first BaaS vehicle having completed validation of insurance, loan, and registration processes, said Li Bin, Nio's founder, chairman, and CEO, during the earnings call.
Nio shares surge 11% pre-market as it sees lowest operating loss in Q2
Nio's financial report today showed a huge increase in revenue and a positive gross margin in the second quarter. After the results were announced, its shares surged in pre-market trading hours.
Nio's William Li says EV development accelerates, but legacy automakers still have a chance
Nio founder, chairman and CEO Li Bin said today that even though Tesla's market cap exceeds Toyota's, its market share is still very low. The auto industry is not winner-take-all, which gives more opportunities to startups like Nio and legacy car makers.
Nio's tech vendor reaffirms co-op on battery swap station
Chinese technology company CSG Smart Science said today in response to a question from investors that it has a partial contract with Nio for the battery swap station project that is currently underway.
Can Nio surprise the market with record quarterly sales?
Nio will report its second-quarter 2020 results on August 11, before US stock markets open.
Nio enters into strategic partnership with Chinese retail giant Suning
Nio today signed a strategic cooperation agreement with Chinese retail giant Suning to collaborate in the areas of channel expansion, product sales, consumer services, branding, technology products and development.
Chinese investment bank CICC raises Nio price target to $15
Chinese investment bank CICC raised its price target on Nio as the Chinese EV maker added a record number of new orders in July.
Is Nio's Battery as a Service model a good business?
At the 2020 Chengdu Auto Show on July 24, Nio founder Li Bin described his vision for BaaS (Battery as a Service).