Chinese investment bank CICC raises Nio price target by 206% to $52
CICC expects Nio to sell nearly 400,000 vehicles by 2025 due to Nio's improving product portfolio and increasing penetration of new energy and luxury vehicles.
BYD exec calls for Tesla, Nio to jointly impact China's gasoline car market
Including Tesla, Nio, Xpeng, everyone should work together to impact the gasoline car market, so that consumers who wanted to buy fuel cars at the price range of 200,000 yuan to 300,000 yuan will shift to new energy vehicles.
SAIC-GM to launch OTA upgrades of in-vehicle systems in 17 of its vehicle lines
Through the OTA remote upgrade, SAIC-GM's in-vehicle systems will bring more intelligent voice interaction, richer content resources, a better human-machine interface, and more active services.
Nio gets policy boost from the city where its China headquarters is based
The central Chinese city of Hefei, where Nio China is headquartered, today announced a plan to accelerate the development of the local new energy vehicle industry, providing the EV maker with a more favorable policy environment.
GAC New Energy changes its name to GAC Aion, may operate independently
GAC New Energy will formally announce the Aion brand at the Guangzhou Auto Show and announce the independence of GAC Aion, the company's source said.
BYD to launch 'fuel sedan disruptor' on November 20
BYD will unveil the Qin Plus, which the company is calling a "fuel sedan disruptor," at the 18th Guangzhou Auto Show on November 20.
Tesla establishes auto sales and service company in Nio's home turf
On November 12, Tesla Motors Sales & Service (Hefei) Co., Ltd. was established in Hefei, Anhui Province, where Nio China is headquartered.
Nio founder says Tesla's price cuts won't have much impact on the EV maker
"The market is big enough," Li said, noting that their main competitors should be fuel cars.
Nio conference call: Operating cash flow to turn positive in 2020, monthly capacity to go up to 7,500 units in Jan
Nio again achieved positive operating cash flow in the third quarter and is confident that it can turn cash flow from operating activities positive for the full year 2020 overall, the EV maker's founder William Li Bin said during the third quarter 2020 quarterly conference call.
Nio is working on its fifth new car, with its fourth model to be unveiled in Jan
Although Nio's fourth model won't be released until January, the company is already talking about a successor to the model.