Nio
Nio wins final verdict in lawsuit against vlogger
The final judgment upheld the original verdict, requiring the owner of the Douyin account Cheshiji to post an apology to Nio for thirty consecutive days and pay RMB300,000 in damages.
China EV insurance registrations for week ending Nov 12: Nio 2,900, Xpeng 3,900, Li Auto 10,000, Tesla 12,700
Between November 1 and November 12, Nio vehicles had 5,700 insurance registrations in China, Xpeng 6,100, Li Auto 15,400, and Tesla 22,900.
Nio appoints professor from top Singapore university as independent director
Wen Yonggang, Professor and Chair of the School of Computer Science and Engineering at Nanyang Technological University, Singapore, has been appointed as a new independent director of Nio.
Nio still 'debating' North America entry by 2025, exec says
Nio is considering "any kind of partnerships" in North America, the company's US CEO Ganesh Iyer said.
Nio Oct deliveries breakdown: ES6 at 5,875, ET5 Touring at 3,105
The ES6 remains the best-selling Nio model, but deliveries were down from September, while deliveries of the EC6 coupe SUV were up significantly.
Nio rumored to be integrating sub-brand Alps into main brand's team
Alps is rumored to no longer be a standalone program, with the team's personnel assigned to various Nio divisions and some positions cut.
Nio gives over 230,000 sales forecasts for 2024 to supply chain, Xpeng 280,000, Li Auto 800,000, report says
Automakers usually provide high forecasts to their supply chain, while suppliers make their own judgments based on the competitiveness of the vehicle models and the operating results of the car companies.
China EV insurance registrations for week ending Nov 5: Nio 4,200, Xpeng 4,700, Li Auto 8,600, Tesla 14,000
Nio's insurance registrations were down 8.7 percent last week compared to the previous week, Xpeng was down 18.97 percent and Li Auto was down 14 percent as deliveries are usually slow at the beginning of the month.
Nio's job cut could save up to RMB 2 billion per year, says Deutsche Bank
"While management still has a long way to go in restoring creditability among investors, this should be viewed as a meaningful step in the right direction," Edison Yu's team said.
Vlogger ruled to apologize to Nio and pay financial damages for reputation infringement
The vlogger was ordered to post apologies on his Douyin account for 90 consecutive days and to compensate Nio for financial losses totaling more than 600,000 yuan in a first instance ruling.