Nio

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Nio is a Chinese EV maker that produces battery swap-enabled cars. It now has three brands: Nio, Onvo, and Firefly.
Founded: Nov 2014
Founder: William Li
Ticker: NYSE: NIO
HQ: Shanghai
2024 revenue: RMB 65.73 billion
Website: nio.cn
  • Nio says it prepares to enter global markets, but this year is not the right time Nio

    Nio says it prepares to enter global markets, but this year is not the right time

    Nio has made preparations to enter the global markets, but this year is certainly not the right time, Li Bin,  the Chinese electric vehicle (EV) maker's founder, chairman, and CEO, said in the company's earnings call following the release of its second-quarter financial results today.

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  • Nio says its BaaS business sees significant progress, will release implementation details in Q3 Nio

    Nio says its BaaS business sees significant progress, will release implementation details in Q3

    Nio's Battery as a Service (BaaS) business model has made significant progress, with the first BaaS vehicle having completed validation of insurance, loan, and registration processes, said Li Bin, Nio's founder, chairman, and CEO, during the earnings call.

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  • Nio shares surge 11% pre-market as it sees lowest operating loss in Q2 Nio

    Nio shares surge 11% pre-market as it sees lowest operating loss in Q2

    Nio's financial report today showed a huge increase in revenue and a positive gross margin in the second quarter. After the results were announced, its shares surged in pre-market trading hours.

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  • Nio's William Li says EV development accelerates, but legacy automakers still have a chance Nio

    Nio's William Li says EV development accelerates, but legacy automakers still have a chance

    Nio founder, chairman and CEO Li Bin said today that even though Tesla's market cap exceeds Toyota's, its market share is still very low. The auto industry is not winner-take-all, which gives more opportunities to startups like Nio and legacy car makers.

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  • Nio's tech vendor reaffirms co-op on battery swap station Nio

    Nio's tech vendor reaffirms co-op on battery swap station

    Chinese technology company CSG Smart Science said today in response to a question from investors that it has a partial contract with Nio for the battery swap station project that is currently underway.

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  • Can Nio surprise the market with record quarterly sales? Nio

    Can Nio surprise the market with record quarterly sales?

    Nio will report its second-quarter 2020 results on August 11, before US stock markets open.

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  • Nio enters into strategic partnership with Chinese retail giant Suning Nio

    Nio enters into strategic partnership with Chinese retail giant Suning

    Nio today signed a strategic cooperation agreement with Chinese retail giant Suning to collaborate in the areas of channel expansion, product sales, consumer services, branding, technology products and development.

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  • Chinese investment bank CICC raises Nio price target to Nio

    Chinese investment bank CICC raises Nio price target to $15

    Chinese investment bank CICC raised its price target on Nio as the Chinese EV maker added a record number of new orders in July.

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  • Is Nio's Battery as a Service model a good business? Nio

    Is Nio's Battery as a Service model a good business?

    At the 2020 Chengdu Auto Show on July 24, Nio founder Li Bin described his vision for BaaS (Battery as a Service).

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  • Nio delivers 3,533 cars in July, up by 322.1% year on year Nio

    Nio delivers 3,533 cars in July, up by 322.1% year on year

    Chinese electric vehicle (EV) maker Nio delivered 3,533 cars in July, up by 322.1% year-over-year.

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