According to the South China Morning Post, NIO and Xpeng Motors are building online communities for users to earn credit towards specific branded products, with the former company now having sold over 3 million products through its app. In addition, Tesla has already cultivated a loyal following of the company and CEO Elon Musk, which […]
After a whirlwind series of public criticisms in China, alongside reports that it was bolstering relations with Chinese regulators, Tesla now faces falling sales in comparison with rivals, and, subsequently, falling shares. Tesla’s (TSLA) shares fell on Tuesday, following a decline in the company’s April sales in the Chinese market from March, according to Marketwatch. […]
Chinese electric vehicle (EV) company NIO has had a successful year despite an ongoing semiconductor chip shortage slowing production, and now the Shanghai-based company has shared plans to expand into new territory. NIO will rival Tesla and Volkswagen in Norway with the release of its ES8 SUV expected in September, and the ET7 luxury sedan […]
A global semiconductor chip shortage affected NIO, along with a slew of other China-based electric vehicle (EV) manufacturers and others around the world. According to Investors Daily, Chinese automakers NIO, Xpeng Motors, and Li Auto, all saw triple-digit sales growth in this year’s first quarter, despite production being slowed significantly due to an inability to […]
NIO vs Tesla chart; via SCMP China-based electric vehicle (EV) maker NIO saw record EV deliveries in this year’s first quarter, with the company’s sales surging fivefold to 7.98 billion yuan ($1.23 million USD), according to the automaker. NIO saw a net loss of $68.8 million US in Q1, a 73% decrease from the year-ago […]
One JPMorgan Asset Management Manager said Monday that China-based electric vehicle (EV) companies NIO and Xpeng Motors are best slated to rival EV giant Tesla in terms of global market share, as reported by the South China Morning Post. While the companies may take years to become profitable, they’re still considered the best bets in […]
Earlier this week, Chinese electric vehicle automaker, NIO, recently celebrated producing its 100,000th electric vehicle, a black ES8 7-seater SUV that rolled off the line. NIO is known for opting for battery swaps in China for its electric vehicles. On Friday, Tesla CEO Elon Musk congratulated NIO on its achievement, responding to a CleanTechnica story […]
Shanghai-based electric automaker, NIO, has reached a milestone and produced its 100,000th electric vehicle. The company delivered 7,257 cars in its recent first quarter, a 373% year-over-year increase, while for the quarter ending March 31, 2021, 20,060 vehicles were delivered, a record increase of 423% year-over-year and up 16% from Q4 2020. As for total […]
Electric vehicles (EVs) are increasing in popularity around the world, though they’re growing particularly popular and competitive in China, the world’s largest auto market. Chinese automakers NIO and Xpeng each saw record-breaking EV sales in the first quarter of the year, as deliveries increased five-fold compared to Q1 2020, according to South China Morning Post. […]
Chinese automaker and Tesla rival NIO has seen all-time highs this year (but not at the moment!) with the release of its ET7 flagship sedan, and the battery swapping electric vehicle (EV) company has now reached another major milestone in 2021. On Thursday, @driving_china reported that NIO had reached 2 million battery swaps, marking an […]
Chinese electric vehicle (EV) manufacturer NIO has seen a few highs this year, as it competes against Tesla for a spot in the world’s largest and most competitive auto market in China. Monday, NIO shared a Geek Village Chief review of the company’s Navigate On Pilot (NOP) autonomous driving system, which was initially unveiled by […]
Norges Bank, the central bank of Norway, made massive investments in Tesla and a number of other companies at the forefront of the electrification revolution in Q4 2020 — reports Barron’s. The Norwegian bank currently manages the world’s largest sovereign-wealth fund–the Norway Government Pension Fund–and disclosed the stock investments in a form filed with the […]
Tesla experimented with battery swap programming as far back as 2013, and despite the spread of recent rumors regarding a potential switch to the new model, a Vice President of the company has stated that the model is inefficient. According to CnEVPost, Tesla Vice President of external affairs Grace Tao said Saturday on Weibo the […]
With a range of electric vehicle (EV) options recently becoming available to buyers in China – like BYD, NIO, Xpeng Motors, Wuling HongGuang, and others – some are electing to buy local, instead of imported options like Tesla. According to qualitative research collected by CNBC, Chinese EV buyers considered factors like price competitiveness, driving range […]
Electric vehicle (EV) manufacturers and Tesla rivals NIO reported an excellent fourth-quarter earlier this week, following the unveiling of its ET7 electric sedan earlier this year. On Tuesday, CNBC reported that NIO had been hit by the current shortage in semiconductor chips, which has been affecting others within the EV market in recent weeks. NIO […]
