Pony.ai reportedly puts on hold plans for US IPO
Pony.ai, a Chinese self-driving startup backed by Nio and Toyota Motor, has put on hold plans to go public in the United States through a merger with a blank check company, Reuters said on Thursday, citing people familiar with the matter.
Central China's Wuhan trying to get Xiaomi to locate its car-making operations there
While Xiaomi has announced its entry into the car-making field, the city where the business will be housed remains undetermined, making it a target of competition from Chinese cities.
Nio's self-driving team to expand 60% to 800 within the year
Nio's autonomous driving-related team is currently around 500 people, and will increase by 300 to 800 by the end of the year, William Li, founder, chairman and chief executive officer of Nio, said during the company's second-quarter conference call.
Li Auto examining possibility of returning to China's A-share market, says president
Li Auto is internally examining the possibility of returning to China's A-share market, said the company's president Shen Yannan.
Nio's NAD will deliver the best experience of autonomous driving, CEO says
“We believe that NAD will deliver the best experience of autonomous driving and lead the charge of autonomous driving technology development in the industry,” he said.
Nio to launch lower-priced model next year
Nio will launch a lower-priced model next year, but will still maintain its premium positioning, William Li, founder, chairman and chief executive officer of Nio, said during the company's second-quarter conference call.
Nio Pilot take rate exceeded 80% in Q2
In the second quarter, the take rate of Nio Pilot exceeded 80 percent, William Li, founder, chairman and chief executive officer of Nio, said.
Nio confirms it will enter mass market via new brand
"The Nio brand has a similar relationship to the new brand as Lexus has to Toyota, and Audi has to Volkswagen," said William Li.
Deutsche Bank's first look on Nio Q2 earnings: Lower gross margin likely due to higher supply chain inefficiencies
Nio reported Q2 earnings earlier today that exceeded Wall Street's expectations, and Deutsche Bank analyst Edison Yu's team released their initial take.
Nio aims to deliver three new products in 2022
Nio aims to deliver three products based on Nio Technology Platform 2.0 in 2022, including its flagship sedan, the ET7.