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…
March 2020 Delivery Update Provided By NIO Inc.
SHANGHAI, China, April 07, 2020 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium electric vehicle market, today provided its March 2020 delivery results. NIO delivered 1,533 vehicles in March 2020, representing a…
