
New Project NIO Power Seeks Billions in Funding
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.
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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.
According to data released by Chinese EV manufacturer NIO on Friday, as of that day, the accumulated mileage of NIO's Chinese users had exceeded five billion kilometers.
On August 22, a number of employees from NIO, a Chinese electric vehicle company, confirmed to media that the company issued an internal letter stating that it will continue with layoffs. The letter reveals that NIO is planning to retain 7,500 people by the end of September.
In Ep. 22 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma talk about electric carmaker NIO, which went public on September 12 on the NYSE. This episode cove...
On August 18th, the joint statement of NIO vehicle owners became a trending topic on social media. However, many NIO car owners later posted on Weibo that they had not involved in the statement.
On August 12, Lin Wenqin, founder of Meiyihao, died in a traffic accident. The release mentions that Lin's vehicle, a Nio ES8, had its autonomous driving function (NOP pilot status) engaged at the time of the accident.
Chinese automaker NIO launched trial operations of its "owner-direct sale" service for official used cars, providing a platform for the free trade of vehicles among users.
NIO announced an OTA upgrade on Wednesday, saying that the Aspen 3.0.0 version was officially released on August 31st, and vehicles with the current 2.9.0 version and above would soon receive an upgrade notice.
Chinese EV maker NIO said that it will compensate customers who had recently placed orders to a total amount of 18,000 yuan ($2824.20).
NIO, one of few Chinese publicly traded EV companies, unexpectedly canceled their second-quarter earnings conference call scheduled to be held on September 24.