Nio

Nio posted revenue of RMB 7.98 billion yuan ($1.22 billion) in the first quarter, beating market expectations of 6.645 billion yuan and up 481.63 percent from 1.372 billion yuan in the same period last year and up 20.16 percent from the fourth quarter.

After Nio's second-generation battery swap stations in Beijing, Guangzhou and Hefei went into operation, the electric vehicle company's first new-generation facility in Shenzhen went into operation on April 29.

After the NeoPark is completed, Nio can save RMB 3,000 per vehicle in logistics costs.

For any company, having a long-term vision is the foundation if it wants to build a long-lasting business. Judging from the recent words of Nio executives, we seem to see this in the electric vehicle company.

Nio has started the development of a new model in Hefei, where its China headquarters is based, positioned below its existing SUVs and sedan, 36kr said Wednesday, citing industry sources.

After months of speculation, Chinese electric car company Nio has finally confirmed its first stop into overseas markets - Norway.

After Tesla and Xpeng Motors, Nio may also start using the lower-cost lithium iron phosphate batteries.

After the opening of the first second-generation battery swap station in Hefei, Nio is about to have a busy day.

New energy vehicle companies, including Nio, using the battery swap model have received new policy support.

In Shanghai, where Tesla's China factory is located, Nio saw its 20,000th vehicle delivery in the city on Tuesday.