Nio

Nio announced changes to its board of directors, with two people appointed by CYVN Holdings joining and one person appointed by Tencent dropping out.

Most of the major EV makers saw insurance registrations fall last week, as the beginning of the month is usually a low point for deliveries.

Since its inception in 2016, Nio Capital has raised five funds, including three US dollar funds and two RMB funds, with a total management scale of RMB 15 billion.

Nio has an aggressive target for the first model of Alps codenamed DOM, despite the short delivery window available during the year, according to the local media.

Nio's eight models are included in a regulatory catalog that all add significantly shorter range options.

If it moves forward smoothly, Nio will be the fastest among Chinese companies to mass-produce end-to-end features, LatePost said, citing a person close to the company.

The upcoming Chinese New Year holiday is February 10-17 and will cause significant disruptions to production and deliveries in the automotive industry, making it harder to accurately predict delivery wait times.

At the end of January, NOP+ reached 651,640 kilometers of urban road coverage in 606 cities.

The beginning of the year is usually a low point for car sales in China due to seasonal factors. Nio's deliveries in January included 6,307 SUVs and 3,748 sedans.

United Nova said it will be the production supplier for Nio's first in-house developed 1200 V SiC module, helping the EV maker build on its leadership position in the 900 V high-voltage platform.