EV

At a time when many people thought that Nio had run out of life, a "knight in white" gave a helping hand when Nio was most difficult.

Han EV, BYD's medium- and large-sized sedan, uses its self-developed "high-performance silicon carbide MOSFET motor control module" for the first time that can accelerate the car from 0 to 100 kilometers (0-60 miles) in less than 4 seconds, the company said.

On the afternoon of February 25, Nio announced that the Nio EC6 mass production project was launched in Hefei, and a strategic cooperation framework agreement was signed with Hefei City.

The 2020 model of BMW's first new pure electric i3 was launched in China recently, with a price tag of 305,800 yuan ($43574).

Tesla recently sent a long-range all-wheel drive (Long Range AWD) Model Y subscribers a confirmation receipt, saying that they would deliver their long-awaited electric crossovers in March, according to Teslarati.

Almost at the last moment, Nio was once again getting the long-awaited funding: more than 10 billion yuan. The capital market gave positive feedback, and the pre-market share price rose over 33%.

"Nio China's presence in Hefei does not mean that we are moving or evacuating Shanghai. Shanghai is still the global management headquarters." Yuguan Cheshi quoted Nio President Qin Lihong as saying.

In response to previous reports that Geely will invest 300 million US dollars in Nio, Nio chairman and CEO Li Bin today denied the rumor.

On February 25, the Nio SUV EC6 mass production project was launched at the Hefei Jianghuai Nio Advanced Manufacturing Base.