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Nio's factory boasts up to 97.5% automation rate
The body shop at the Anhui JAC factory of Chinese EV maker Nio is automated to a 97.5% level, allowing the body shop, which is capable of rolling out 20 complete vehicles an hour, to be operated by only a dozen workers, according to local media Anhuinews.com.
One of Xpeng Motors' suppliers to supply drive motor components to Nio subsidiary
Zhejiang Founder Motor Co Ltd, one of the suppliers to Xpeng Motors, today announced that it has signed a framework agreement with Weiran Power, a subsidiary of Nio, to supply the latter with flat-wire motors.
Tesla's China-made Model Y coming soon, will Nio face the strongest threat?
Earlier this month, Nio released August delivery figures, with 3,965 units delivered for the month, up 104.1 percent year-on-year. Of these, 2,840 vehicles were delivered for the ES6 and 1,125 for the ES8.
Nio president says Nio is better than Tesla at same age
Nio was founded at the end of 2014, 12 years after Tesla, if we take 2012 as the first year of Tesla and 2018 as the first year of Nio, Nio is better at the same age, Nio president Qin Lihong said recently.
Nio's third car, EC6, arrives in stores in 10 Chinese cities to take on the upcoming Model Y
Nio today announced that the Nio EC6 has been shipped to Nio Centers in 10 cities across China this month, and interested consumers can visit these locations to find more about this new vehicle.
Nio affiliate sees changes in shareholders
The shareholders of Nio (Anhui) Holdings Ltd. have changed, with Anhui High-tech Industry Investment Co., Ltd. withdrawing and Anhui Sanzhong Yichuang Industrial Development Fund Co., Ltd. becoming a new shareholder, taking over a 2.756 percent stake in Nio (Anhui), according to the National Enterprise Credit Information System.
Nio-led battery swap model is about to get policy boosts in China
The Nio-led battery swap model is about to get policy boosts as the Shanghai Securities News reported that the Ministry of Industry and Information Technology (MIIT) is encouraging companies to develop battery swap model based on usage scenarios.
Nio shares up by more than 7% as Deutsche initiates coverage with buy rating
The shares of Chinese EV maker Nio went up by more than 7 percent to $18.30 in early trading on Wednesday after getting a bull rating from Deutsche Bank.
Nio's William Li says Tesla is not 'insurmountable'
Tesla is a great car company, but it's not as “insurmountable” as it seems as Nio chases after it, Nio founder William Li Bin said in a September 8 video program.
Is it wise for Nio to enter the European market?
Nio recently raised $1.7 billion in capital markets. In addition to buying back a portion of Nio China stake, the funds raised will be used for high-level driverless systems and overseas market expansion.