NIO to Make its Own EV Battery Packs Starting in 2024

China’s NIO, a manufacturer of electric cars, is taking on a new approach to improve profitability and compete with companies like Tesla through the development of its own batteries. NIO plans to make its own high-voltage battery packs starting in 2024, from a design it has also developed on its own, according to Reuters. Chinese […]

NIO Expected to See Near-Term Rally Says Morgan Stanley

Morgan Stanley shared a research tactical idea on NIO, stating that it believes the company’s shares will rise in absolute terms for the next 15 days, reports Seeking Alpha. Despite recent selloffs of NIO and other EV stocks, the firm believes the automaker will be turned around in the months to come, following China’s COVID-19 […]

NIO Hits Milestone of 200,000 Vehicle Deliveries

Chinese electric vehicle (EV) maker NIO recently achieved a new milestone when it delivered its 200,000th production vehicle, to a customer in the city of Chongqing in southwestern China — reports CnEVPost. NIO’s 200,000th delivery was an ET7 electric sedan, which began deliveries in late March. The company is set to raise pricing for the […]

NIO to Raise ET7 Prices By Around $1,470 on May 23

After announcing and deploying price increases on its electric vehicles (EVs), NIO is set to raise prices on the ET7 electric sedan. NIO is planning to raise the starting price for its ET7 electric sedan on May 23, increasing the price by about $1,470, according to CnEVPost. The news comes just as raw material prices are […]

NIO ES7 SUV Spotted Without Camo Wrap in the Wild [PICS]

NIO plans to unveil the ES7 electric SUV at the end of the month, and a handful of pictures have surfaced showing the vehicle without any privacy wraps ahead of the release. The NIO ES7 was spotted in a series of photos without any camoflauge wrap, as shared on Thursday by Yiche (via CNEVPost). The […]

NIO, Li Auto, Xpeng See Sales Drop in April, Due to COVID-19 Lockdowns

Chinese electric vehicle (EV) maker NIO on Sunday announced delivery numbers for the month of April, along with rivals Li Auto and Xpeng. NIO delivered a total of 5,074 EVs in April 2022, bringing the automaker’s year-to-date total for deliveries in 2022 up to 30,842 — a year-over-year increase of 13.5%. NIO delivered 25,768 cars […]

NIO Hits Production Milestone of 200,000 Electric Vehicles

Deutsche Bank called NIO the top electric vehicle (EV) maker in China in 2022 earlier this year, and the automaker surpassed an important milestone earlier this week. NIO’s 200,000th mass production vehicle rolled off the production line on Tuesday, according to a post from @42how_. The news was celebrated inside NIO’s factory with a banner […]

NIO Suspends EV Production Due to COVID-19 Lockdowns

Chinese Tesla rival NIO is now facing a factory shutdown in China, causing delays to current orders that will be passed to consumers, as stated by the company in a notice to customers. NIO warned customers over the weekend about upcoming delivery delays due to the automaker pausing production amidst the ongoing COVID-19 surge, according […]

NIO Announces Price Increases are Coming May 10

Electric automaker NIO announced on Sunday that price increases are coming due to the “rise in global raw material prices”. The price changes to the company’s electric vehicles and other products are set to kick in on May 10, 2022. NIO says the starting price of its ES8, ES6 and EC6 vehicles will go up […]

NIO Open to Sharing Battery Swap Tech with Automakers, Says Exec

The head of NIO’s Europe Operations says the company may be open to sharing its battery swap technology with other automakers, according to Automotive News Europe. Managing Director of NIO Europe Hui Zhang said to journalists at a Norwegian event last week that the EV startup was already talking to other automakers, without naming any […]

NIO Q1 2022 Deliveries: 25,768 Vehicles, Increasing 29% Year-Over-Year

NIO sold and delivered 25,768 vehicles in the first quarter of the year, marking an overall 28.5% increase year-over-year, according to a press release. In March alone, NIO delivered 9,985 units, representing a 37.6 percent increase year-over-year. NIO delivered 25,034 vehicles in Q4, marking an increase this quarter from the last quarter. The news comes […]

NIO Seen as the Top EV Maker in China for 2022 by Deutsche Bank

NIO could be facing the most important product cycle in history, as detailed by Deutsche Bank’s Edison Yu, according to CNEVPost. The narrative is shifting from supply constraints to a product supercycle, despite stagnation seen in the last few quarters. In a statement, the Deutsche Bank team wrote, “Following 4Q earnings last week and an […]