On Aug. 13, Chinese EV maker NIO saw its stock close at $3.05, down 2.56%, a day before the company released its July delivery data indicating that only 837 new vehicles were delivered, slumping 37.5% from the previous month.
NIO is seeking a deal with investors that would be willing to finance its spin-off NIO Power. The new project is an effort to stay afloat amid fierce competition from local rivals.
Shanghai-based electric vehicle manufacturer NIO today issued a mass recall of its ES8 models through an announcement made on its official Weibo account.
Tightening emission regulations to combat the pollution issues have pushed the rapid development of new energy vehicles around the world.
2019 Shanghai Auto Show kicked off today with various carmakers showcasing their latest technology, concept cars and new vehicles ready for launch.
Imagine driving in a heavily trafficked Beijing, passing Tiananmen square when you get a notification that your sleek NIO electric car needs to upgrade.