Nio's potential sub-brand said to target $31,300 market
Nio is assembling a team internally to secretly create a new lower-end sub-brand that will target a market priced around RMB 200,000 yuan ($31,300).
Nio reportedly to launch new brand with lower positioning
Nio is planning to launch a new brand with a lower positioning, which insiders are calling a sub-brand, yicai.com reported Thursday.
Alibaba says it's working on self-driving trucks
Chinese e-commerce giant Alibaba is working on self-driving trucks with its logistics subsidiary Cainiao, Cheng Li, the company's chief technology officer, said Thursday.
Xiaomi chairman visits Great Wall Motor, renewing speculation of partnership
Lei Jun, chairman of Chinese smartphone giant Xiaomi, visited the research and development center of carmaker Great Wall Motor.
Chinese EV startup Aiways announces entry into Italy
After France, Germany, the Netherlands, Belgium and Denmark, Aiways is expanding its business to Southern Europe and the European Free Trade Association (EFTA) market.
Nio is still a 'first-year student' compared to German luxury brands, CEO says
"Nio is still a first-year student, but people are already paying us in advance of when we graduate with our PhDs. Over the next decade or so, we're going to finish school," he said.
Nio's second plant has begun construction, production to begin in Q3 2022, CEO says
"It's very fast, and I looked at it yesterday and the plant has already started building the structural part," Li said.
Xpeng CEO says smart electric cars should be priced at least $23,500 to make a profit
"Even in 2025, the minimum price for a company that wants to make a gross profit on a smart electric car is RMB 150,000 yuan."
Nio App wins award for its user experience
The Nio App, which offers rich functionality in a simple interface, has won a new award for the Chinese electric vehicle company.
Baidu sets up new company for its car-making business, with registered capital of about $313 million
On June 7, Jidu Technology Co was established with a registered capital of 2 billion yuan ($313 million), according to information from data provider Tianyancha.