NIO
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GAC NIO to unveil new model on November 20
Chinese electric car maker GAC NIO will unveil a new model at the Guangzhou Auto Show, which opens on November 20, with specific information unknown at this time.
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Leading VC explains why they are betting heavily on China's smart EV sector including Li Auto and XPeng
In a report released today, Matrix Partners China, a leading venture capital (VC) firm that has backed major Chinese tech firms at their early stages, says it is not surprised by the popularity of electric vehicles in China today, as it very much recognizes the underlying revolution that smart electric vehicles will bring.
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Bitauto, created by NIO founder, delists from US stock market in $1.1bn deal
Bitauto (NYSE: BITA), the Chinese Internet car service provider founded by NIO (NYSE: NIO) founder William Li Bin, has completed a merger and delisted from the New York Stock Exchange on Friday.
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NIO and Tesla are starting to face each other
"Now that NIO's average unit sales price is about RMB 150,000 higher than Tesla's in China, our customers are not quite the same class of user as Tesla, and there's a significant differentiation in the brand range," NIO founder, chairman and CEO William Li Bin said at the launch of NIO's 100-degree battery pack on November 6.
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NIO ES6 tops pure electric SUV sales in China for 13th straight month in October
The number of NIO models registered for insurance in China went up 94% year-on-year to reach 4,880 in October, with the ES6 and ES8 being the top two pure electric models in the ranking, the latest data showed.
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Behind Chinese brands' efforts to enter high-end market: to become another NIO or Tesla?
According to the data released by NIO, Li Auto and XPeng at the beginning of November, they delivered a total of 11,781 new cars in October, surpassing the average monthly sales record of China-made Model 3.
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JP Morgan raises NIO price target to $46 from $41
Four weeks ago, JP Morgan sharply raised NIO price target from $14 to $40, representing a 85% upside potential at that time.
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NIO's 159th battery swap station begins operation
NIO today announced the opening of its 159th battery swap station in China in Yueqing, Zhejiang Province.
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Tesla's October sales in China surpassed 10,000 units again, as wholesale sales of NEVs in the country rose 119.8% year-on-year
Retail sales in China's passenger car market reached 1.992 million units in October, up 8.0% year-on-year, achieving a nearly two-year high growth rate of 8% for four consecutive months, data released today by the China Passenger Car Association (CPCA) showed.
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What does NIO do with FOTA?
With the increasing digitization of vehicles, the trend of "software-defined vehicle" has become unstoppable. Under the impact of the rapid iteration of new technologies, FOTA has become the focus of car manufacturers.