Nio launches used car business Nio Certified, plans to invest $460 million to support it in next 5 years
This business has undergone six months of trial operation, and Nio will invest RMB 3 billion ($460 million) to promote its development.
Xpeng CEO hints confident to deal with Tesla's price cut
"We are quite confident to respond to this price cut by our competitor on New Year's Day, without even having an internal conference call."
Nio founder says Model Y has no impact on orders, no future price cuts
William Li, chairman, founder and CEO of Nio, said that Tesla Model Y has not had an impact on Nio, and that there has been no major change in orders in the past two days.
Nio launches used car trading business
Nio today released details of used car trading and officially launched its used car trading business.
Nio deliveries exceed 7,000 in December, up 121% year-on-year
Chinese electric vehicle (EV) maker Nio (NYSE: NIO) delivered a total of 7,007 new vehicles in December, the fifth consecutive month with a record number of deliveries in a single month.
Analysts say Tesla's price cut more of a boost to China's new energy vehicle industry
CITIC Securities said market concerns about the ongoing price cuts for Tesla models will put a squeeze on other brands, but they see it as more of a boost to the new energy vehicle industry.
Nio refutes claims of massive order cancellations as false news
"The news that the official website system encountered a massive order cancellations is untrue, and we have already launched a complaint against the relevant platform," Nio said.
Tesla delivers more than 180,000 units in Q4, China-made Model Y to be delivered soon
Tesla delivered 180,570 units in the fourth quarter and saw 499,550 cumulative deliveries in 2020. It's a new milestone for the electric car maker, but slightly below CEO Elon Musk's goal of delivering 500,000 units for the year.
Tesla China launches Model Y walker for about $107
The toy car is a restoration of the full-size model's design, with no batteries and no pedals. It is suitable for children between the ages of 1.5 and 4 and provides them with the opportunity to experience Tesla products.
Model Y price cut in China seen as major impact on traditional luxury car makers
In the view of an industry association, the significant price cuts for the Tesla Model Y in China will have a huge impact on the luxury car market, not the emerging car makers.