Nio
Nio plans to launch 1st hybrid car in 2026, but will only sell in overseas markets, Reuters reports
Nio will develop the extended-range hybrid under sub-brand codenamed Firefly, stemming from suggestions by major investor Abu Dhabi investment firm CYVN Holdings, Reuters reported.
Nio delivers 20,976 cars in Oct, largely flat from Sept
The Nio main brand delivered 16,657 vehicles in October, down 18.14 percent from September. Onvo delivered 4,319 vehicles in October, up 419.11 percent from September.
Nio ramps up car purchase incentives for Nov
Nio has ramped up its car-buying incentives for this month, including increasing the free NOP+ access to 3 years from the previous 2 years, hoping to capitalize on the end-of-year peak season.
Nio president says Firefly models will remain purely electric, denies hybrid powertrain report
Nio president said the Firefly brand will be launched on Nio Day 2024, continuing the pure electric technology route.
Nio Day 2024 to be held in Guangzhou on Dec 21
Prior to Nio Day 2024, Nio will celebrate its 10th anniversary on November 25, and the two events share a common theme: Together & Further.
Nio Firefly to use hybrid powertrain, report says
Nio Firefly will use extended-range hybrid powertrain and the product is expected to be launched in 2026, according to local media.
Nio hiring senior talent in China to expand Middle East team, report says
Nio has recently been hiring in China to expand its Middle East team, offering positions at senior director and above, up to assistant vice president level, according to local media.
Nio's Middle East backer CYVN to buy sports car maker McLaren's auto business
CYVN reached a non-binding agreement to acquire 100 percent of McLaren's automotive business from Bahrain's sovereign wealth fund Mumtalakat.
China Oct EV sales preview: Deutsche Bank expects Nio at 24,500, Tesla 47,000, BYD 520,000
New order flow for the Nio brand is estimated at about 19,000 units in October, flat from September, but sub-brand Onvo is estimated at about 15,000 units in October, according to Deutsche Bank.
Nio battery swap network completes initial coverage of 9 major horizontal highways in China
Nio's battery swap stations have achieved coverage of nine horizontal highways, seven vertical highways and 12 urban clusters, fulfilling part of a goal announced two years ago.