NIO Appeals for Equal Access to U.S. Market for Chinese EVs

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 Gets $740 Million Investment from Abu Dhabi’s CYVN Holdings

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 […]

China’s NIO Cuts Prices, Revises Services to Boost Sales

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 […]

NIO Delivers Over 10,000 Vehicles in March and 31,000 in Q1 2023

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 ‘Very Confident’ it Will Meet 250,000 Sales Forecast This Year

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 to Open First Showroom in the Netherlands on March 23

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 […]

First NIO 3rd-Gen Swap Stations to Go Online Later this Month

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 […]

NIO Plans to Build 1,000 Battery Swap Stations in China This Year

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 Q4 2022 Deliveries Surge 60% Year-Over-Year

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 Cuts Q4 Deliveries Outlook Citing COVID-19 Impact

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 Says It Has Now Made 300,000 Production Cars

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 […]

NIO Opens First Showroom in Sweden

NIO on Friday opened its first showroom in Sweden, a little over a couple of weeks after the Chinese electric vehicle (EV) maker opened its first battery swap station in the European country (via CnEVPost). The “NIO Space,” as the company calls it, is located at the Westfield Täby Mall Centrum in the Swedish capital of […]

NIO Day 2022 Scheduled for December 24 in Hefei

Chinese electric vehicle (EV) startup NIO is set to hold a launch event in Hefei, where both of the company’s factories are located. NIO has scheduled its 2022 NIO Day event for December 24, confirming that the conference will happen in person after some were concerned it may be forced to go online-only due to […]

NIO Phone ‘On Par with Apple’ and Launching Within a Year, Says CEO

NIO founder, chairman, and CEO William Li said on Saturday that the electric vehicle (EV) maker is making good progress on its smartphone project and teased that the first model could launch within a year (via CnEVPost). Li said back in March that the company started looking into phone manufacturing after customers expressed interest in […]