Nio
China EV insurance registrations for week ending Dec 10: Nio 2,900, Xpeng 2,600, Li Auto 10,400, Tesla 15,400
Between December 1 and December 10, Nio was 4,400, Xpeng 3,900, Li Auto 13,000, Tesla 23,500 and BYD 64,400 units.
Nio significantly increases NOP+ mileage coverage target
Nio aims to complete the validation of 250,000 kilometers of NOP+ urban pilot routes by the end of the year, more than quadrupling the initial target announced in September.
Nio ES7, ET7 wait times get slightly longer
Wait times for both the ES7 SUV and ET7 sedan have turned into 5-6 weeks today, compared to 4-5 weeks for both of them previously.
Nio Nov deliveries breakdown: ES6 at 5,666, ET5 Touring at 3,248
The ES6 and ET5 Touring remain the top Nio models in terms of deliveries, together contributing 55.86 percent of November's volume.
Nio files to use LFP batteries that could bring down costs
Offering new variants with LFP batteries is a means for some EV makers to cut prices, and Xpeng's LFP version of the P7i, launched last month, has lowered the starting price by RMB 26,000 yuan.
Nio re-files 8 models on sale under its own name after gaining car-making qualification
Nio has re-filed all eight models, with the biggest changes being the switch of the manufacturer's name from JAC to Nio and the removal of the JAC logo from the rear of the vehicles.
Nio denies after report says it's considering further job cuts
A report earlier today said some of Nio's departments were asked to prepare reserve lists of layoffs, which may widen the original dismissals to 20 percent to 30 percent.
New model to be unveiled on Nio Day 2023 could be ultra high-end sedan 'ET9', says Deutsche Bank
The model would be a low-volume car, but may serve as a halo vehicle to generate excitement around the brand, Deutsche Bank said.
Nio to spin off its battery production unit, report says
The spin-off could take place as early as the end of this year, after which the battery unit will seek external investors, according to Reuters.
New report reveals reasons behind Nio's acquisition of JAC plant assets
With full control over all core processes of vehicle production, Nio will be able to improve its manufacturing efficiency and have more leverage in the fierce competition.
