GAC Nio
GAC Nio promises never to 'profit' more than 1% as it becomes 1st car maker to publish BOM costs
Liao Bing, founder of Chinese electric car maker GAC Nio, promised at a presentation in Beijing on August 18 that its combined hardware profits would not exceed 1% and any excess will be returned to customers.
GAC Nio releases first car HYCAN 007 with a maximum range of 643km
On April 10, its two-year anniversary of establishment, GAC Nio's first pure electric SUV HYCAN 007 was launched and began to accept reservations and make deliveries.
GAC Nio HYCAN 007 is scheduled to be listed on April 10
GAC Nio's first model, the HYCAN 007, will be available on April 10, with previously announced pre-sale prices starting at 260,000 yuan.