Nio
Nio shares down 23% pre-market as its Q1 guidance disappoints
Nio, China's leading EV startup, reported bigger-than-expected losses in the fourth quarter in 2019, according to unaudited financial results announced today.
Nio vice president rebuts rumors of departure
Recently, rumors were circulating that Zhu Jiang, vice president of user development at Nio, will step down as vice president and switch to consultant. In response, Zhu responded on Monday in WeChat friends circle saying "too many people have come to greet me today. I'm now working!"
Nio will use Xiaomi Mi Watch as car keys
Xiaomi announced on March 16 that it has entered into cooperation with Nio Motor, and its Mi Watch will launch a Nio App that can perform car control functions anytime, anywhere.
Nio, Xpeng American branches start working from home on coronavirus fears
Xpeng's North American subsidiary already has half of its employees working from home, Tencent Auto quoted Xpeng insiders as saying on March 12.
Nio delivery fell 12% year-on-year to 707 in Feb
Nio's February delivery fell 12% year-on-year to 707 units, of which ES6 delivered 671 units, the company annoucement on Tuesday.
Nio announces $235 million convertible note financing
Nio announced today that it has completed a $235 million convertible note financing. The investors are a number of Asian investment funds, all of which are "non-affiliated parties" and are not pure financial investors, it said.
Nio will burn another 14 billion yuan before break even in 2023, report says
Considering that Nio is carrying $1.5 billion in debt and that its free cash flow for fiscal 2019 is expected to be negative $1.4 billion (about 9.8 billion yuan), the recently announced new financing seems to be in vain, according to Bloomberg.
Nio's funding woes reflect challenges faced by Chinese EV startups
At a time when many people thought that Nio had run out of life, a "knight in white" gave a helping hand when Nio was most difficult.
Meet Nio EC6: SUV with over 600 km rang, 0-60 in 4.7 seconds
At the Nio Day 2019 held in Shenzhen last year, Nio released its third model, the Nio EC6, which is positioned as a smart electric coupe SUV with a long cruising range of up to 615km.
Nio says will focus on sales of EC6 and ES8 after China headquarters settled in Hefei
Almost at the last moment, Nio was once again getting the long-awaited funding: more than 10 billion yuan. The capital market gave positive feedback, and the pre-market share price rose over 33%.