Electric Vehicle
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Nio announces EC6 will be available on July 24
Nio today announced that the Nio EC6, an electric coupe SUV, will go on sale on July 24 at the 2020 Chengdu Auto Show, where prices will be announced and options will be open.
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Chinese investment bank CICC upgrades Nio shares to outperform
Chinese investment bank CICC upgraded Nio to outperform in a note published on July 21. The bank gave Nio a price target of $13.50, 5.3 percent higher than Nio's closing price on Monday.
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Chinese EV startup Li Auto expected to be listed on NASDAQ on July 31
China EV maker Li Auto plans to list on the NASDAQ under the symbol "LI" on July 31, making it the second Chinese EV maker to go public in the U.S. after Nio, according to WeChat account IPO Zaozhidao.
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Xpeng Motors announces closing of $500 million in C+ funding round
Chinese EV maker Xpeng Motors today announced the closing of a C+ round of nearly $500 million in funding, with major investors including Aspex, Coatue, Hillhouse Capital and Sequoia China.
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Nio's 50,000th car rolls off assembly line at Hefei manufacturing facility
On July 18, the 50,000th Nio vehicle rolled off the assembly line at the Hefei manufacturing facility, 783 days since the first Nio mass-produced vehicle rolled off the line on May 27, 2018.
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Nio says users have logged more than 800 million kilometers
Nio announced yesterday that customers have accumulated more than 800 million kilometers, adding that the data aggregated by ES6 and ES8 owners help Nio to improve automated driving assistance, after-sales service, battery exchange station network construction.
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Nio shares plunge after Goldman downgrades to sell over valuation concerns
Shares of U.S.-listed Chinese EV maker Nio went down by more than 11 percent in early market trading after Goldman Sachs turned bearish on the company.
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Tesla's new car registrations in China jumped 32% in June to record high
A total of 14,976 China-made Model 3s were registered in China in June, an increase of 32 percent over the same period of last year, according to autoinfo.org.cn.
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China has 558,000 public charging stations, most in the world
By the end of June 2020, China had a total of 558,000 public charging stations, ranking first in the world, according to data released today by the National Energy Administration.
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Nio, Tesla racing to open stores in China's lower-tier cities
On June 27, Nio opened a NIO Space at Deyang Wanda Plaza, which is Nio's 127th offline store.