Nio named fastest growing company in value on Hurun Global 500 list
Nio is the fastest growing of the top 500 companies in the world in terms of value, now up 23 times from last year's value to RMB 403.9 billion. Xpeng ranks second, up 843 percent.
Xpeng secures credit lines totaling RMB 12.8 billion from five Chinese banks
Xpeng today announced that it has received credit facilities totaling RMB 12.8 billion from five Chinese banks to support its business operations and the construction of its production and sales and service systems.
Jim Cramer: Nio could rival Tesla in EV market
CNBC's "Mad Money" host Jim Cramer said Nio had "lots of bells and whistles" that could rival Tesla in the electric vehicle market.
Nio to offer $1.3 billion in convertible notes to ‘further strengthen’ its cash positions
Chinese EV maker Nio plans to offer $1.3 billion in convertible notes which include $650 million in notes due 2026 and $650 million due 2027, the company said during the after-hours trading session.
Tesla opens its 700th Supercharger station in Chinese mainland at Badaling ski resort in Beijing
Tesla's 700th Supercharger is located at the Badaling ski resort in Beijing and currently has eight charging piles.
Here's what Nio CEO had to say about company's stock price, as its market cap poised to hit $100 billion
He said that the movement of Nio's share price is beyond the company's control while admitting that there is still a gap between Nio and BMW.
Xpeng chairman expects several tech companies to enter car-making industry this year
He said that several tech companies may become new car makers in different models this year, which will have a very positive accelerating impact on the arrival of a new mobile ecosystem.
Li ONE becomes best-selling new energy SUV in China in 2020
CICC said last week that it is optimistic that Li Auto sales will continue to trend upward quarter by quarter in 2021, with full-year sales expected to reach 80,000 units.
Tesla sells 23,804 Model 3s in China in Dec, up 10 percent from Nov
December sales of emerging carmakers including Nio, Li Auto, WM Motor, Xpeng Motors, Hozon Auto, and Leap Motor also performed well year-on-year, the CPCA said.
Nio rises 13% in Frankfurt as launch of first sedan spurs bullish sentiment
Nio's ADR is now trading up 12.95 percent in Frankfurt, Germany, after the company unveiled its first sedan, the ET7, over the weekend.