Chinese EV maker Nio is gearing up to expand its business further on the global stage. To fund this ambition, it has secured $2.2 billion from the Abu Dhabi-backed CYVN. The investment will give CYVN 294 […]
Xpeng, Nio, and Li Auto have released their vehicle delivery numbers for July, showcasing a growing electric vehicle (EV) market in China. Xpeng reported a significant milestone in July, delivering 11,008 vehicles last month. This […]
Tesla’s principal rivals in China saw a massive rebound and finished out the month of June with solid sales across the board. Per the South China Morning Post, Li Auto, NIO and Xpeng had a […]
In a shocking change in policy, NIO has decided to join other EV makers in cutting its prices. A few months ago, NIO announced that it would not join other EV automakers like Tesla in […]
NIO says it will keep its prices at a premium level instead of engaging in a price war with its competitors, according to CEO William Li in a recent interview with CNBC. Li emphasized that […]
Chinese new energy vehicle (NEV) maker NIO has proven that swapping EV batteries can work. The company is now going all-out with the technology as it announces plans to set up 1,000 new battery-swap stations ahead of […]
NIO is one of the Chinese EV companies exporting its battery-swapping technology to other parts of the world. After establishing a presence in the European market, NIO has reported its 10,000th battery swap on the […]
EV battery swapping is one of the technologies that has many skeptics. However, NIO seems to have perfected the feature and is doubling down on it. The Chinese company has announced plans this week to […]
NIO has reached a milestone as its 300,00th car rolled off the assembly line. The EV maker has delivered 273,741 units since it started production. The 300,000th car was a blue ET5 sedan produced at […]
One of Tesla‘s biggest rivals in China is partnering with a major tech giant on self-driving technology. As per CNBC, NIO announced a partnership with tech giant Tencent to work on autonomous driving and high-definition […]
