Leading Chinese electric vehicle manufacturer NIO Inc. said on Feb. 4 that it will spend 5.5 billion yuan (approximately $850 million) to purchase 3.305% of its subsidiary entity NIO China from two investors.
Nio’s unveiling of its first luxury electric sedan, the ET7, along with an announcement of a groundbreaking solid-state battery that could be released as soon as next year ignited much interest from investors.
Leading Chinese Electric Vehicles (EVs) makers Xpeng and NIO provided their December, fourth quarter and annual delivery results, both setting new records.
GAC NIO on Dec. 31 posted on its official Weibo account that it became the first auto company in China to accept Bitcoin as payment for vehicle purchases.
Wedbush Securities believes next year, Apple will announce an electric vehicle strategic partnership potentially with Tesla, Volkswagen, or manufacturers in China such as Nio and Xpeng.
NIO Inc., a Chinese smart electric vehicle (EV) manufacturer, showed strong growth in its unaudited financial results for the third quarter ended Sept. 30.
New energy vehicles are forecast to make up 20% of new car sales in China by 2025, according to a State Council statement published Monday.
Fortune recently released the Change the World list for 2020 with Chinese tech giant Alibaba ranking second.
We’re going to provide a brief list of China’s most valuable automobile companies by market capitalization as of August 2020.
NIO delivered a total of 3,965 units in August, a year-on-year increase of 104.1%, setting a new monthly high.
Many Chinese concept shares (CCS) plummeted after Monday’s closing. New popular electric vehicle stocks Xpeng Motor plunged 10.05%, Li Auto fell 7.39%, but NIO bucked the trend and rose 2.86%.
NIO announced on Aug. 27 that it plans to offer additional 75 million ADSs and grant the underwriters a 30-day option to purchase an excess of 11.25 million ADSs, according to a press release.
Leading Chinese EV maker Xpeng Motors (stock code: XPEV) kicked off trading on the New York Stock Exchange on the evening of Aug. 27 (Beijing Time) with an opening price of $23.1, soaring 56% from the issue price of $15 per share.
On Aug. 25, UBS boosted the rating of NIO from "sell" to "neutral" and bumped its price target from $1.00 to $16.30.
Chinese EV manufacturer NIO released the BaaS battery rental scheme on Aug. 20, including features such as separation of the car and electricity, battery rental, recharging, exchanging and upgrades.