NIO Inc. shares climbed 5% to $6.86 on Tuesday after the company announced a new investment agreement for its Chinese subsidiary, NIO Holding Co., Ltd. Trading volume of NIO has surged to 177 million shares on Monday alone. The strategic investment, valued at RMB 3.3 billion ($451 million), involves Hefei Jianheng New Energy Automobile Investment […]
NIO Day 2023 commenced in Xi’an yesterday, illuminating the city’s skyline and marking the beginning of a new journey for the Chinese electric vehicle manufacturer. The event, set against the backdrop of Xi’an’s historical significance, showcased NIO’s latest advancements in electric vehicle technology and infrastructure. The spotlight of NIO Day 2023 was the official reveal […]
Chinese electric vehicle maker NIO has announced a significant financial boost with a $2.2 billion USD investment from CYVN Holdings L.L.C, an Abu Dhabi-based investment firm. This investment, referred to as the December Investment Transaction, involves CYVN subscribing for 294,000,000 newly issued Class A ordinary shares of NIO at a purchase price of $7.50 per […]
William Li, CEO and founder of NIO, seen as a rival to Tesla in China, has urged the U.S. government to grant Chinese electric vehicles (EVs) equal access to the American market. He voiced concerns over the increasing political tensions between the two superpowers affecting business transactions. In an interview with the Financial Times, Li […]
NIO announced on June 20, 2023, that it has secured a significant equity investment from CYVN Holdings L.L.C., an investment firm majorly owned by the Abu Dhabi Government and focused on advanced and smart mobility. Under the terms of the share subscription agreement, CYVN Holdings will invest a total of $738.5 million in cash, subscribing […]
Shanghai-based electric vehicle maker, NIO, is shifting gears in its marketing strategy with significant price reductions and significant changes to its service offerings, in a strategic move to bolster sales. From June 12, the starting prices for all new NIO models will see a reduction of RMB 30,000 yuan ($4,200). However, the previously free battery […]
Chinese electric vehicle manufacturer, NIO, has announced its March and Q1 2023 delivery results on Saturday. NIO delivered 10,378 vehicles in March 2023. The deliveries included 3,203 electric SUVs and 7,175 electric sedans. The company also delivered 31,041 vehicles in the first quarter of 2023, representing a 20.5% YoY increase. Cumulative deliveries of NIO vehicles […]
NIO CFO Steven Feng said the automaker is “very confident” it will reach its target to double sales this year with 250,000 electric vehicles (EVs), according to a report from Bloomberg on Wednesday. Following the statement, NIO’s shares increased by as much as 8.6 percent in early trading hours in Hong Kong, marking a roughly […]
NIO is set to open its first “NIO House” showroom in the Netherlands on March 23, according to a recent statement from the company’s general manager on its mobile app (via CnEVPost). The NIO House will be located in Rotterdam, the Netherlands’ second-largest city and a crucial port connection between several major regions of the […]
NIO is set to officially launch its first ten third-generation battery swap stations on March 28, slightly ahead of its previously announced schedule, reports CnEVPost. In an article published on NIO’s mobile app on Monday local time, the company shared that 10 special guests will be present on-site to witness the delivery of these battery […]
Chinese electric vehicle (EV) automaker NIO announced plans to build as many as 1,000 battery swap stations across China in 2023, according to statements from Founder William Li on Tuesday (via Reuters). NIO plans to build 600 of the battery swap stations in urban areas, especially in the country’s third- and fourth-tier regions, while the […]
NIO President Qin Lihong said on Monday to reporters the current EV industry price war triggered by Tesla may not include all automakers, according to South China Morning Post. The statements confirmed that NIO won’t be cutting its prices, as Qin says it wouldn’t be advantageous for the company. “Price reductions will spread in the […]
NIO on Sunday announced fourth-quarter deliveries of 40,052 electric vehicles (EVs), marking a 60% increase year-over-year and a new quarterly record for the Chinese automaker. The company also marginally beat its own delivery outlook for Q4, which it lowered from 43,000-48,000 vehicles to a more modest 38,500-39,500 last week. At the same time, the EV […]
NIO has cut its delivery outlook to a range between 38,500 and 39,500 units, as adjusted from its previously stated 43,000-48,000 delivery forecast, according to a press release. The release cites the outbreak of the COVID-19 Omicron variant, which has spread throughout major cities in China and created a number of supply chain constraints. As […]
NIO announced today it has manufactured its 300,000th vehicle from its Second Advanced Manufacturing Base at NeoPark in Hefei, Anhui province, China, with the milestone taking place on Monday, December 12, 2022. The Chinese EV automaker manufactured its first vehicle in May 2018 and for 2022, it started delivering cars based on its second-gen platform known as […]
