Nio
Onvo president reiterates confidence of delivering over 10,000 units in Dec
Deliveries of the L60 are proceeding at a set pace with a goal of delivering more than 10,000 units in a single month in December, Onvo president said.
China EV insurance registrations for week ending Nov 24: Nio 4,000, Tesla 16,700, Xiaomi 4,600, BYD 95,900
Li Auto had 11,600 insurance registrations last week, Xpeng 7,200, Zeekr 6,200, Leapmotor 9,100 and Aito 7,500.
[Full text] 'The next two years are crucial for our success,' Nio's William Li says in internal letter
“We must keep launching competitive new products and improving our operational efficiency to double our sales next year and achieve profitability in 2026. These are goals we cannot afford to miss,” Li said.
Nio surpasses 2,700 swap stations in China
Nio today put 10 new battery swap stations into operation in China, bringing the total to 2,702 as it celebrates its 10th anniversary.
Nio celebrates 10th anniversary with over 620,000 users
Nio, founded on November 25, 2014, is starting multi-brand operations, having already launched the Onvo sub-brand and will launch the Firefly brand next month.
Nio denies after rumor of acquisition by BYD swirls
A Nio executive has denied a rumor that the company will be acquired by BYD, after the fake information circulated widely on social media.
Deutsche Bank expects Nio brand to sell 223,000 cars in 2025, Onvo 219,000, Firefly 8,000
Deutsche Bank raised its sales forecast for Nio Inc in 2025, using the same 450,000 full-year 2025 sales assumption as the company's guidance.
Nio officially unveils 3rd brand Firefly, debut model to begin deliveries in H1 2025
Firefly is positioned in the boutique compact car market and leverages existing sales channels to drive growth, Nio said in a statement.
Nio Q3 earnings call: Sales and profitability targets, new model plans, and more
Nio is confident of doubling sales next year and aims to be profitable by 2026. The third brand is officially named Firefly and its first model will begin deliveries in the first half of 2025.
Nio posts lower-than-expected Q3 revenue, gross margin improves
Nio reported weaker-than-expected revenue in the third quarter, which was also below its guidance range. It reported a net loss that was flat from the second quarter, with gross margin improving to 10.7 percent.
