A notification showed up for NIO drivers this morning that is believed to be an ad, in what some are calling a strange first for the electric vehicle (EV) industry. On Wednesday, NIO pushed what appears to be an advertisement out to customer service vehicles in China, according to a post on Weibo (via @TheKilowatts). […]
In September, China-based electric automakers NIO, Xpeng Motors and Li Auto saw a major uptick in deliveries, alongside U.S. electric automaker Tesla, who reached record deliveries in China in the same month – though fuel luxury carmakers were not quite so lucky. Tesla and NIO’s year-over-year deliveries in September far outperformed those of luxury gas […]
Xpeng Motors, NIO and Li Auto all saw a delivery surge in September with NIO taking the top spot, though Xpeng has just surpassed an exciting milestone, not long after NIO reached the same one. @JayinShanghai pointed out that Xpeng Motors rolled its 100,000th vehicle off of the production line on Sunday, just months after […]
Chinese automaker NIO saw its stock jump on Thursday after dropping off since July, following an increased outlook from one Goldman Sachs analyst, according to The Street. Goldman Sachs analyst Fei Fang increased his rating on NIO to “buy” from “neutral,” keeping to a price target of $56 per share. Fang said, “We believe Nio’s […]
On Monday, NIO announced its drivers had reached a total of over 3 billion kilometers (1.86 billion miles) driven by its drivers, according to CNEVPost. The company also said that there were shorter intervals between each billion milestone, saying it took 846 days for drivers to reach the first billion, with 229 between the first […]
Many of China’s growing electric auto manufacturers reported their delivery numbers on Friday, and as Tesla usually waits a day or two to post its delivery numbers, analysts are wondering if the U.S. company will follow suit with the upward market trend for Chinese automakers in September. Xpeng Motors, NIO and Li Auto all reported […]
China-based electric automaker NIO saw revenue increase by 127 percent in the second quarter, and following the news, the company has also reached a major milestone with regards to its battery swap stations. NIO has surpassed 500 battery swap stations in China, with 504 operational battery swap stations as of Wednesday, according to @42how_. In […]
In the second quarter, NIO saw its revenue jump 127 percent ahead of the release of its new, upcoming EVs, and in a similar fashion, the company has officially launched a new hybrid-cell battery pack. NIO officially launched a 75 kWh hybrid-cell battery pack on its website on Thursday, following the advent of a 70 […]
Following a fatal accident in a NIO ES8, China’s NIO has decided to start requiring users to take a test before using its Navigate on Pilot (NOP) and NIO Pilot advanced driver assistance systems (ADASs). On Monday, NIO began deploying what it calls the NIO Pilot exam, which includes a six-minute video and a ten-question […]
Following previous reports that one of Tesla’s battery suppliers will build a factory in Shanghai, the report has been confirmed through a framework agreement with the Shanghai government. CNEVPost reports that China-based power supplier Contemporary Amperex Technology Co., Limited (CATL) will build its manufacturing base in Shanghai, according to a signed strategic agreement dated August […]
After NIO posted impressive sales numbers in July, the company also reportedly landed better-than-expected revenue and is seeing its shares rise as a result. NIO’s shares rose more than 1 percent after hours on Wednesday, following a brighter Q2 revenue report than the company expected, according to Refinitiv data compiled by CNBC. The China-based electric […]
As competition for electric vehicle (EV) production continues to ramp up in the world’s largest auto market, one particular EV company is seeing sales surge as the year goes on. China-based electric automaker NIO unveiled its July 2021 delivery update on Monday, which showed that the company delivered 7,931 EVs in July – marking a 124.5 […]
Many analysts have increased their outlook on NIO recently, and while the Tesla-rivaling Chinese electric vehicle (EV) startup still has a long way to go if it hopes to catch up to Tesla, its recent quarterly sales report is telling. According to a press release from NIO on Thursday, the company delivered 8,083 vehicles in […]
Louis Navellier, Chief Investment Officer at asset management firm Navellier, believes homegrown electric vehicle (EV) maker NIO is poised to replace Tesla as the market leader in the Chinese region — reports The Street. “Another electric vehicle company will eventually displace Tesla as the biggest manufacturer of EVs in China,” Navellier wrote in his bold […]
Earlier this year, NIO and Xpeng were called Tesla’s best rivals for global market share, and in a new update, one firm has upgraded NIO’s price target and rating. Shares of NIO rose up to 4% on Tuesday after Citi changed its rating on the stock to “buy” from “neutral,” as well as changing the […]
