NIO sees 5,205 insurance registrations in November, surpassing BMW and Audi's combined NEV sales in China
With 5,205 insurance registrations in November, NIO is significantly ahead of the three major German luxury brands in China's high-end new energy passenger car market, surpassing the combined new energy vehicle sales of BMW and Audi, and ranking second only to Tesla.
NIO plans to issue 60 million additional ADSs, stock down nearly 5% after hours
Chinese EV maker NIO today announced plans to offer 60 million American depositary shares (ADSs), each representing one Class A ordinary share of the company.
NIO founder says China's goal of reaching 20% penetration rate of NEVs by 2025 is conservative
China recently announced a target of 20 percent penetration rate of new energy vehicles by 2025, and in the opinion of William Li Bin, founder, chairman and CEO of NIO, this target is actually a somewhat conservative one.
Tesla merging with NIO? This idea is starting to emerge
The idea sounds crazy, but there are already media outlets that are seriously discussing the likelihood of Tesla merging with Chinese EV startup NIO.
NIO gets policy boost from the city where its China headquarters is based
The central Chinese city of Hefei, where NIO China is headquartered, today announced a plan to accelerate the development of the local new energy vehicle industry, providing the EV maker with a more favorable policy environment.
State media praise NIO: User-oriented model gives it unique business logic
From personalizing production according to user preferences to driving technological upgrades in the industrial chain according to user needs to having large events voted on by users, NIO has gained a unique set of business logic by being user-oriented, Xinhua said.
NIO officially opens its China headquarters in Hefei
Chinese electric vehicle (EV) maker NIO (NYSE: NIO) today announced the official opening of NIO China's headquarters in the Anhui Pilot Free Trade Zone.
Behind the 10-fold spike in NIO's stock price
2020 came at a good time for NIO, with a successful financing, a smooth capacity climb, and a strong stock rally with a market cap of nearly $30 billion.
NIO to raise its stake in NIO China to 86.5% from 84.5%
NIO said today that it will sign an agreement worth $600 million to subscribe for additional registered capital in NIO (Anhui) Holdings Limited.
Is NIO China going public as NIO redeems 8.6% stake from investors?
NIO has agreed to redeem 8.6% equity interests in NIO (Anhui) Holding Co., Ltd., the legal entity of NIO China, triggering speculation that Nio China may soon go public in China.