EV
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Nio's local rival WM Motor is said to consider Shanghai IPO
Chinese EV maker WM Motor is considering an IPO at Shagnhai's Star Market as soon as this year, aiming for a post-IPO valuation of more than $4.3 billion, according to Bloomberg.
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Nio offers Nio EC6 customers the opportunity to dine with its founder
Nio said today that customers who pay a deposit for the Nio EC6 between July 24 and August 24 will receive a gift box containing random gifts.
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Nio reportedly to set up battery asset management company in August, expected to get investment from CATL
Chinese EV maker Nio is planning to set up a battery asset management company to push for the separation of the car from the battery and launch a BaaS (Battery as a Service) offering on top of that, 36Kr reported, citing sources with knowledge of the matter.
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Two Tesla models included in China's recommended catalog, powered by lithium-ion ternary batteries
According to the latest new energy vehicle catalog released by China's Ministry of Industry and Information Technology (MIIT), 332 models, including two models produced by Tesla (Shanghai), have been included in the catalog.
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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.