Though influenced by the COVID-19 pandemic, NIO's losses are narrowing. What's more, NIO has reached agreements with investors for investment in China.
Chinese electric vehicle startup NIO has secured a $1 billion financial lifeline from several state-owned investors led by Hefei City Construction and Investing Holding.
Tesla is on track to topple BYD as the world's largest NEV manufacturer. To make things worse, now that Tesla has a factory in China, its low-end products are priced almost at the same level as BYD's high-end products.
On March 18, Chinese EV-maker NIO released its latest financial report showing that the company’s fourth-quarter revenue fell year-on-year, while losses mounted.
Chinese AIoT giant Xiaomi has launched a Xiaomi Watch app in cooperation with local premium EV-maker NIO.
As the COVID-19 outbreak shows few signs of ebbing, the impact of the epidemic is becoming evident in pretty much all industries. China’s new energy vehicle (NEV) sector is no exception.
On February 25, the signing ceremony of Anhui province's major industrial project took place at the JAC-NIO production base in Hefei.
As of December 31, 2019, Hillside Capital no longer holds equity in NIO. So far, 2020 has seen NIO raise $200 million in convertible bond financing.
Chinese electric vehicle manufacturer NIO (NYSE:NIO) stock soared on December 30 as the company’s Q3 performance beat expectations from last quarter.
Xpeng Motors announced on December 11 that they had entered a partnership with NIO Power to collaborate on battery charging services, to optimize the charging experience for customers.
NIO has made significant personnel cuts to its the autonomous driving department at its North American headquarters in San Jose, laying off another 141 employees.
The shares of the Chinese EV-maker NIO soared nearly 38% on November 5 after the company announced a deal with Intel's Mobileye on developing self-driving vehicle systems.
On the morning of October 24, Tesla released the Q3 financial report for 2019. It shows that its profits reached $143 million, with the company’s per car revenue rate increasing by 22.8%.
The share price of Chinese EV startup NIO fell by 5.8% to $1.46 on October 16, which marks the largest decline in the past six days.
NIO shares surged as much as 12% on October 8 after the Chinese electric vehicle maker delivered 4,799 vehicles in the third quarter, up 35.1% from the second quarter, exceeding expectations by a large margin.