Nio

China's car sales expected to drop 10% in 2020, Nio founder says

China's auto sales will see a drop of at least 10 percent in 2020 compared to last year, Nio founder, chairman and CEO Li Bin said at an event today.

Tencent buys 1.68 million ADSs in Nio, increasing its stake to 15.1%

Tencent bought 1.68 million ADSs of Chinese electric car maker Nio through its wholly-owned subsidiary, Yellow River Investment Limited, according to Nio's filing with the U.S. Securities and Exchange Commission.

Nio delivers a record 3436 new vehicles in May

Nio delivered 3,436 vehicles in May, up 215.5 percent year-on-year to a record high. Nio expects to meet its second quarter delivery target.

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    Nio says Tesla both a rival and an ally

    Li Bin, founder of Nio, said the long-term growth potential of China's electric vehicle market remains despite increased competition from companies like Tesla, which bodes well for his company.

    Nio has become a company with Chinese state capital with major shareholder change

    According to Tianyancha, there was a change of shareholders of Nio Shanghai Automotive Co., Ltd. from Nio Nextev Limited to Nio (Anhui) Holding Co., Ltd. and a change of enterprise type from a limited liability company (sole proprietorship of Hong Kong, Macau and Taiwan corporations) to a limited liability company (sole proprietorship of foreign corporations).

    Nio deliveries slip in Q1, shares plunge 13% pre-market

    Nio's first-quarter revenue fell 15.9% year-over-year to 1.372 billion yuan, beating analysts' expectations of 1.287 billion yuan and exceeding the upper limit of guidance (1.21 to 1.27 billion yuan) previously given by the company, its first-quarter financial report showed.

    Nio's April deliveries up 180.7% year-on-year, shares up by over 5% pre-market

    Nio's overall deliveries in April reached 3,155 units, an increase of 180.7% year-on-year and 105.8% from the previous month, doubling the number of deliveries for the second consecutive month, according to data released today by Nio.

    Nio President: Strategic investors are buying into Nio's future

    "The company is much happier today than it was when it first started, people don't even know who you are when you talk to them about working together. There will be plenty of difficulties next, but development will be more assured," Nio's President Qin Lihong told several Chinese media outlets after the finalizing of Nio's financing.

    Nio finalizes agreement to get 7 billion yuan strategic investment

    Nio Morots has completed a final agreement to bring in strategic investors under which they will invest RMB 7 billion in Nio China.

    Tesla does the opposite of Nio as Chinese subsidies roll back

    As China's subsidies for new energy vehicles recede, Nio said the price spreads this creates for its potential customers will be borne by it for some time.
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