Can GAC Nio change its fate after receiving $370 million capital increase?
Industry expert says that the capital market has become more and more cautious about investing in new car companies in recent years and that it is still difficult to get recognition from the capital market without good sales performance despite the backing of well-known shareholders.
Analysts say China-made Model Y has room for 23% price cut
Assuming gross margin remains above 25%, the price is expected to drop 23% to around RMB 260,000, they say.
Nio reportedly plans to launch entry-level model with LFP batteries
Nio has contracted a production line of lithium iron phosphate batteries from CATL, and the new cells are being tested and prepared.
Alleged patent drawings show Nio's first sedan looks in line with ET Preview concept
Some media reports suggest that the LiDAR used on Nio's sedan will be provided by Huawei. But we are skeptical of this speculation.
Nio founder William Li withdraws as legal representative of Bitauto affiliated company
Bitauto, which is associated with the above company, was founded in 2000 and was delisted from the New York Stock Exchange and is the largest automotive Internet company in China.
GAC Nio gets capital injection of about $370 million
After the completion of the capital increase, GAC Group and its wholly-owned subsidiary GAC Aion hold a total of 25% equity in GAC Nio.
BYD's NEV sales reach 28,841 units in Dec, up 120 percent year-on-year
Citi said China's leading automakers' car shipments could grow on month in January, outperforming the broader market's expected sequential decline.
Nio's number of stores expected to double to 400 this year
Nio already has more than 200 stores in China by the end of 2020. Its full-year 2020 deliveries reached 43,728 units, up 112.6% year-on-year.
China says to expand auto consumption in newly released guideline
The guideline mentions that China will improve the conditions for car use, strengthen the construction of parking lots, charging piles, and other facilities, and encourage charging pile operating companies to reduce charging service fees.
CATL regains global No. 1 position in installed power battery volume in first 11 months of 2020
LG Chem's installed capacity was 26.4 GWh, up 1.4 times year-on-year, ranking second in the world. Panasonic's installed capacity was 22.3GWh, down 8.5% year-on-year, ranking third.