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 […]
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 […]
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 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 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 […]
Ark Invest’s Cathie Wood has been bullish on Tesla and other electric vehicle (EV) stocks, and a recent move shows her shifting her portfolio towards Chinese EV maker, NIO. Wood sold 145,977 shares in Tesla and purchased 420,057 shares in NIO on Friday, March 25, according to The Motley Fool. ARKK sold 117,857 Tesla shares […]
Chinese electric vehicle (EV) manufacturer NIO Inc. on Thursday announced its financial results for the fourth quarter and full-year ended December 31, 2021. NIO delivered 25,034 all-electric cars across its product lineup (5,683 ES8s, 12,180 ES6s, and 7,171 EC6s) during Q4 2021, representing 44.3% growth in sales year over year (YoY) and an increase of […]
As the electric vehicle (EV) market in China is beginning to heat up, one startup automaker is beginning substantial production of the company’s first electric sedan, with deliveries coming soon. NIO’s first ET7 units rolled off the production line on Thursday at its manufacturing facility in Hefei, China, according to CnEVPost. The automaker’s factory is […]
In Q4, Norges Bank, the central bank of Norway, boosted its positions in both NIO and Li Auto, while trimming shares in Xpeng Motors, according to a 13F filing with the U.S. Securities and Exchange Commission (SEC), reports CNEVPost. The bank increased shares in NIO by 31 percent and Li Auto by 990 percent, while […]
With NIO expected to unveil the ET7 electric sedan in April, prospective buyers are growing curious about the electric vehicle (EV) — with one channel sharing YouTube channel ChinaDriven shared a test drive of the NIO ET7 on Tuesday, featuring a 19-minute ride-along in the upcoming car. The ET7 features a luxurious interior, including glass […]
Alongside mounting competition in China’s electric vehicle (EV) market, one startup saw deliveries surge last month despite a production pause and a week-long holiday. NIO delivered 6,131 units in February, representing a 9.9 percent surge year over year, according to figures released by the company on Tuesday. The date range also includes much of the […]
Chinese electric vehicle automaker NIO plans to seek secondary listings in Hong Kong and Singapore, according to stock exchange filings seen on Monday, as reported by Reuters. NIO has already received preliminary approval from the Hong Kong Stock Exchange, as an application for a secondary listing is still being reviewed by the Singapore Exchange. Upon […]
Speaking at the Wolfe Research Global Auto, Auto Tech, and Mobility Conference on Wednesday Ford CEO Jim Farley said the veteran automaker plans to “beat” electric vehicle (EV) pioneer Tesla, not “match” it in production and sales. “We know our competition is NIO and Tesla, and we have to beat them, not match them,” Farley […]
Chinese electric vehicle (EV) automaker sales surged in January, with one such company recently providing some updates at a workshop held in Shanghai. NIO held a marketing workshop on Tuesday, located at the automaker’s NIO House in Shanghai, as detailed in a post from @42how_. During the workshop, the company shared a number of highlights […]
Tesla rivals in China posted impressive sales numbers in January, including electric vehicle (EV) companies Xpeng Motors and Li Auto, among others. Xpeng and Li Auto said on Tuesday that their sales more than doubled in January, with fellow EV automaker NIO saying its sales increased by a third, according to the South China Morning […]
