Nio earnings call: Creating new brand to enter mass market is a possibility
Chinese electric vehicle maker Nio reported unaudited financial results for the fourth quarter and full-year of 2020. The company’s executives held a conference call after that. Here is what they said.
Nio Q4 revenue in line with expectations, adjusted loss per ADS higher than expected
Chinese electric vehicle maker Nio reported revenue of RMB 6.64 billion in the fourth quarter of 2020, in line with analysts' expectations of RMB 6.64 billion, and up 46.7 percent from the third quarter of 2020.
SAIC R brand's first supercharging station begins operation with up to 120kW of power
The first Supercharger station of Chinese automaker SAIC’s R brand has been put into operation at Shanghai Nanxiang Incity MEGA, offering DC Supercharging up to 120kW as well as AC slow charging.
WM Motor's model with 5G connectivity starts accepting pre-orders
Chinese EV maker WM Motor's electric SUV with 5G connectivity, the WM W6, began accepting pre-orders on March 1 and will be delivered in April of this year.
China ranks No. 1 in production and sales of EVs for 6 consecutive years
China has ranked first in the world in new energy vehicle production and sales for six consecutive years, with cumulative sales of 5.5 million units, Chinese officials said today.
Geely aims to launch flying cars in Chinese market by 2024
Chinese automaker Geely is aiming to launch a flying car in the Chinese market by 2024, built by its subsidiary Aerofugia and German company Volocopter, according to Jing Chao, CEO of Aerofugia.
Li Auto launches preferential finance package to boost sales
Li Auto today announced a special finance package valid for the next month to further strengthen its leadership position of its sole model, the Li ONE, in the new energy SUV market in China.
Nio to enter Europe in H2 this year
After entering Europe, Nio plans to start selling in other international markets in 2022.
Auto chip shortage expected to last six months to nine months
In January, the impact of the shortage of chips was shown in China's decreased auto production.
Tesla China's move sparks speculation it may support battery swap, a model central to Nio
Tesla sources said the company will not adopt the battery swap model.