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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.
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.