Nio
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.
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.
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.
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.
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.
Nio shares plunge after Goldman downgrades to sell over valuation concerns
Shares of U.S.-listed Chinese EV maker Nio went down by more than 11 percent in early market trading after Goldman Sachs turned bearish on the company.
Nio, Tesla racing to open stores in China's lower-tier cities
On June 27, Nio opened a Nio Space at Deyang Wanda Plaza, which is Nio's 127th offline store.
Nio shows how it builds the Nio ES6 in video
Chinese EV maker Nio today released a video of the production inside its Hefei factory, allowing the outside world to witness how the Nio ES6 car is made.
Nio may announce EC6's price at Chengdu Auto Show, delivery slated for September
Chinese EV maker Nio's mid-size electric SUV, the EC6, will be priced and launched during the Chengdu Motor Show, with deliveries scheduled for September, industrious media xcar.com.cn said citing unofficial sources.
Tencent's shareholding in Nio increased from 15.1% to 16.3%
Between June 10 and July 8, Tencent Holdings increased its stake in Chinese electric car maker Nio from 15.1 percent to 16.3 percent.
