Nio Said Not To Join China’s EV Price War. Now It’s Cutting $4K Across All Models
Nio, one of China’s homegrown Tesla challengers, has slashed the prices of all its models by 30,000 yuan ($4,200), the NYSE-listed premium electric vehicle upstart announced on Monday. The news came as EV makers enter a price war in the world’s largest…
Chinese EV Maker Nio Invests In Nuclear Fusion Startup
The newly established company, Neo Fusion, will research and develop technologies that aim to bring controlled fusion for commercial uses globally in two decades, the source said. Bezos’ Blue Origin wins NASA contract to build astronaut lunar lander A team…
AUTOS Nio Reports Wider First-Quarter Loss As Covid Shutdowns In China Hamper Deliveries
Chinese electric-vehicle maker Nio lost $281.2 million in the first quarter, wider than the $68.8 million it lost a year ago, as it scrambled to keep pace with intense demand amid China’s recent Covid-related shutdowns. Here are other key numbers…
Nio Forced To Halt Production Due To Covid, Supply Chain Shortages
Chinese EV manufacturer Nio has been forced to suspend production due to local supply chain issues caused by the impact of further Covid-19 restrictions. Nio published a statement on its mobile app over the weekend explaining that “There will be…
China And The United States Are Battling For EV Dominance
Electric vehicles were the story of the year throughout 2020, but a battle in the EV industry could bust the market wide open in 2021. While Tesla was the one grabbing headlines in the United States, with over 700% gains…
China’s EV Funding War
US electric carmaker Tesla and its smaller Chinese rivals NIO and Xpeng Motors have been on a US$12 billion capital-raising drive over the past year as their share prices have soared, competing fiercely to attract investors to help fund the…
NIO Partners With NVIDIA To Develop A New Generation Of Automated Driving Electric Vehicles
NIO, a pioneer in China’s premium smart electric vehicle market, and NVIDIA announced today that the automaker has selected the NVIDIA DRIVE Orin™ system-on-a-chip (SoC) for its new generation of electric vehicles, which will offer advanced automated driving capabilities. NIO…
Chinese Electric Car Brand NIO Looks At Expansion Abroad
Chinese electric car brand NIO plans to start expanding to Western markets next year and might export a battery-swapping service that could help it compete with rival Tesla, the company’s chairman said. NIO, founded in 2014, pushed back foreign plans…
NIO Launches Battery-As-A-Service To Make EV Ownership Even Easier
In a livestreamed media session, NIO Vice President of Power Management Shen Fei officially launched NIO’s new Battery-as-a-Service strategy. The new service decouples the battery from the purchase price of the vehicle, providing a lower up front purchase price, more…
Chinese Startup NIO Gains $1 Billion State Funding To Chase Tesla
Chinese electric-car maker NIO sealed a 7 billion yuan ($1 billion) deal with a group of state investors. Many consumers, while admiring NIO’s vehicle models, have been on the fence about making a purchase, as they feared the Nasdaq-listed auto…
