NIO’s Third Chinese Factory to Kick Off Production Soon
Chinese electric vehicle (EV) maker NIO is set to begin production at its third factory in Hefei, Anhui province this September, according to company founder, chairman, and CEO…
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NIO Shares Rise Surge Following $3.3B Investment in China Subsidiary
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 Day 2023 Unveils ET9 Executive Flagship and More
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…
NIO Secures Lifeline with $2.2 Billion from Abu Dhabi Firm
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,…
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…
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…
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…
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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…
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…
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…
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…
NIO Says Cutting EV Prices ‘Not an Ideal Solution’, as Tesla Sparks Price War
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…
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…
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.…
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…