Mercedes-Benz
While Tesla, Nio gain, fuel luxury cars retreat across the board in China
Year-on-year sales performance in Sept: Tesla Model 3 up 68.8%, Nio ES6 up 63.9%, Nio EC6 up 21087.5%, while BMW 5 Series down 21.3%, Mercedes-Benz E-Class down 52.6%, Audi A4 down 53.4%.
Nio's insurance registrations in Jan-July exceeded the total of Mercedes-Benz, BMW and Audi EVs in China
The BMW iX3 had 9,171 insurance registrations in China from January to July, the Mercedes-Benz EQC had 3,472 and the Audi e-tron had 790. Their combined number of 13,433 is 27 percent of Nio's.
Nio is eating German giants' lunch in EV sector
Current daily Nio share price fall is irrational & illogical with all facts pointing to Nio fully utilizing One Million EV Capacity of NeoPark in a year.
Nio is still a 'first-year student' compared to German luxury brands, CEO says
"Nio is still a first-year student, but people are already paying us in advance of when we graduate with our PhDs. Over the next decade or so, we're going to finish school," he said.
Nio founder says its rival is not Tesla, but German luxury brands as well as Apple Car
William Li Bin said Nio ET7's competitors are German premium brands like BMW, Mercedes-Benz and Audi, and in the longer term, Nio's competitors even include Apple Car.
CATL becomes major supplier of Mercedes-Benz
Contemporary Amperex Technology (CATL), China's largest automotive lithium-ion battery maker, and Mercedes-Benz today announced that they are strengthening their partnership in the field of battery technology.