Nio
+ FollowNio 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.
Nio exec reaffirms goal of entering US market by 2025
"My goal, and my commitment to this company, is I want all of us to buy a Nio car from our personal paycheck one day," Nio US CEO Ganesh Iyer said.
Nio's battery, phone businesses likely to be hardest hit by layoffs, report says
Most of Nio's businesses will see layoffs, with the battery and phone businesses likely to be adjusted the most, according to local media.
Nio lays out organizational optimization plan: To cut 10% of positions, emphasize on improving efficiency
Nio said it will improve resource efficiency and defer or cut investments in projects that do not contribute to the company's financial performance in three years.
Actor in Nio's new EC6 launch event, buys an EC6
The EC6's contribution to Nio's sales is modest, but the actor's move to buy the coupe SUV is an endorsement of the model and the Nio brand.
Nio delivers 16,074 vehicles in Oct, up 2.77% from Sept
Nio's SUV deliveries in October were down 3.63 percent from September, while sedan deliveries were up 20.57 percent.
Nio adds 15 showrooms and 124 swap stations in Oct
As of October 31, Nio had 139 Nio Houses, 314 Nio Spaces and 2,079 battery swap stations worldwide.
