NIO Archives - Pandaily

Uxin and NIO Capital Sign Financing Agreement of $100M

Uxin has signed a financing agreement with its existing shareholder NIO Capital's affiliated company, which subscribed for 714 million senior convertible preference shares, with a total value of $100 million.

NIO Founder William Li Confirms Plans for Smartphone Business

William Li, the founder, Chairman and CEO of Chinese new energy car company NIO, responded to reports the company is working on smartphones during a Thursday interview.

BYD to Supply NIO and Xiaomi Auto With Batteries

The power batteries division of Shenzhen-based technology firm BYD, FinDreams Battery, is actively exploring opportunities in the Chinese new energy vehicle market, including with firms NIO and Xiaomi Auto.

NIO Capital Closes Fund Worth $400M

NIO Capital, an investment company founded by Chinese electric vehicle company Nio Inc., announced on Monday that it had closed the NIO Capital Eve ONE Fund II L.P., worth about $400 million.

EV Brand NIO Responds to Rumors It Will Enter Smartphone Industry

Leaks have emerged recently claiming Chinese electric vehicle firm NIO intends to enter the mobile phone industry.

Hillhouse Capital Increases Holdings in XPeng and Li Auto

HHLR Advisors, the investment management firm of Hillhouse Capital focusing on secondary markets, has released information on its US stock portfolios in the fourth quarter of 2021.

Chinese EV Frontrunners XPeng and NIO Report Mixed Delivery Figures for May Amid Global Chip Shortage

Chinese electric vehicle (EV) maker NIO saw its deliveries fall in May due to a global semiconductor shortage, while rival XPeng’s sales continued to grow at a robust pace as the company managed to prevent the chip crisis from hobbling its business.

Nio, Xpeng Score Record Deliveries in Q1

Chinese electric vehicle makers Nio and Xpeng both reported record deliveries during the first quarter of 2021, despite seasonal industry-wide slowdown in car sales and ongoing complications due to a global chip shortage.

Chinese EV Maker Nio Shares Surge 14% to Hit $100 Billion Market Valuation Following ET7 Sedan Debut

Shares of Chinese electric vehicle (EV) company Nio jumped as much as 14% on Monday, propelling the carmaker to a market valuation of more than $100 billion, making the start-up the third most-valued automaker after Tesla and Toyota. Monday’s gains followed the success of the company’s annual Nio Day over the weekend, when it announced […]

NIO Reveals Its First Electric ET7 Sedan to Compete with Tesla

China’s leading electric vehicle (EV) start-up NIO Inc. released its first electric sedan with self-driving technology during the firm’s fourth NIO Day last Saturday in Chengdu, taking the fight to Telsa.

Chinese EV Manufacturer Xpeng Motors Files for IPO on NYSE

Xpeng Motors formally filed an initial public offering with the SEC in the early morning of August 8 to list its shares on the New York Stock Exchange (NYSE) under the symbol “XPEV.”

Chinese EV Manufacturer Li Auto Goes Public on Nasdaq with Share Price Surging 43.13% on First Day, Market Cap Briefly Beats NIO

Chinese fast-growing electric vehicle maker Li Auto kicked off trading on July 30 on the Nasdaq Global Market with its share price soaring 43.13% from its IPO price of $11.5.

NIO, Xpeng Motors Hit Market at Chengdu Motor Show 2020 with Newly Launched Vehicles

The NIO EC6 Coupe SUV and Xpeng Motors G3i SUV models were launched on July 24 at the Chengdu Motor Show 2020, one of the most valued automobile events in China.

Li Auto’s US IPO Gets Fully Subscribed

NIO’s domestic rival, Beijing-based electric vehicle startup Li Auto’s initial public offering in the US has been fully subscribed for a whopping $950 million, Reuters’ IFR reported.

NIO Cancels Q2 Earnings Call Without Explanation

NIO, one of few Chinese publicly traded EV companies, unexpectedly canceled their second-quarter earnings conference call scheduled to be held on September 24.

NIO to Launch Cheaper Electric SUV ES3

NIO Co-founder and President Qin Lihong publicly stated that NIO will release another electric SUV next year. This SUV will be based on the company’s first generation of SUVs, but in a different shape.

Chinese EV Maker NIO to Lay Off Over 1000 Workers

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.