Nio
Nio says Tesla both a rival and an ally
Li Bin, founder of Nio, said the long-term growth potential of China's electric vehicle market remains despite increased competition from companies like Tesla, which bodes well for his company.
Nio has become a company with Chinese state capital with major shareholder change
According to Tianyancha, there was a change of shareholders of Nio Shanghai Automotive Co., Ltd. from Nio Nextev Limited to Nio (Anhui) Holding Co., Ltd. and a change of enterprise type from a limited liability company (sole proprietorship of Hong Kong, Macau and Taiwan corporations) to a limited liability company (sole proprietorship of foreign corporations).
Nio deliveries slip in Q1, shares plunge 13% pre-market
Nio's first-quarter revenue fell 15.9% year-over-year to 1.372 billion yuan, beating analysts' expectations of 1.287 billion yuan and exceeding the upper limit of guidance (1.21 to 1.27 billion yuan) previously given by the company, its first-quarter financial report showed.
Nio's April deliveries up 180.7% year-on-year, shares up by over 5% pre-market
Nio's overall deliveries in April reached 3,155 units, an increase of 180.7% year-on-year and 105.8% from the previous month, doubling the number of deliveries for the second consecutive month, according to data released today by Nio.
Nio President: Strategic investors are buying into Nio's future
"The company is much happier today than it was when it first started, people don't even know who you are when you talk to them about working together. There will be plenty of difficulties next, but development will be more assured," Nio's President Qin Lihong told several Chinese media outlets after the finalizing of Nio's financing.
Nio finalizes agreement to get 7 billion yuan strategic investment
Nio Morots has completed a final agreement to bring in strategic investors under which they will invest RMB 7 billion in Nio China.
Tesla does the opposite of Nio as Chinese subsidies roll back
As China's subsidies for new energy vehicles recede, Nio said the price spreads this creates for its potential customers will be borne by it for some time.
Chinese EV makers unite as Nio supercharge network will support Xpeng P7
Nio said on Weibo today while mentioning @Xpeng that in order to welcome the Xpeng P7, the Nio supercharge network will support the upcoming EV.
Nio plans to release its first sedan at year-end
Nio is working overtime to strive for the release of the "next generation of cars" at the Nio Day at the end of this year, Nio co-founder Qin Lihong revealed in a recent live event.
Nio offers 2019 subsidies to customers who get their cars before May 31
Nio today announced that in order to enable more users to enjoy the benefits of policy in China, those who pay a deposit from now until April 26 will still be eligible for the 2019 state subsidy.