On November 10, Chinese electric vehicle maker NIO released its financial report for the third quarter of 2022. The company achieved revenue of 13.002 billion yuan ($1.81 billion) in the period, up 32.6% year-on-year and achieving positive growth for 10 consecutive quarters.
Internal adjustments to the organizational structure of Chinese electric vehicle maker XPeng are nearing an end, and some departments have implemented small-scale layoffs.
NIO's ET7 electric vehicle model was granted this year's Golden Steering Wheel award in the "Medium and Upper Class" category by German magazine Auto Bild on November 9, becoming the first car from a Chinese firm to win the award.
Due to COVID-19 pandemic prevention requirements, two NIO automobile factories in Hefei, China's Anhui Province, have recently stopped production, causing delays to delivery. The latest report shows that production has now resumed.
NIO, a leading Chinese electric vehicle manufacturer, recently released recruitment information for a job posting entitled "Product Manager of Smartwatches."
On November 1, NETA Auto, Li Auto, NIO, XPeng and other Chinese electric vehicle firms successively announced their delivery data for October. NIO, XPeng and Li Auto have been gradually surpassed by latecomers.
Due to COVID-19 pandemic prevention requirements, two factories in Hefei, Anhui Province of NIO, a leading Chinese new energy automobile manufacturer, have stopped production recently. As a result, delivery of its models will be delayed.
On October 27, Chinese electric vehicle maker NIO upgraded its battery swap service and started a new pilot program. NIO car owners can now use a larger battery pack through a paid service on a daily basis.
A new entity called NIO Battery Technology (Anhui) Co., Ltd. was established on October 21, with NIO founder William Li serving as chairman and with registered capital of 2 billion ($273 million). The company is 100% controlled by EV firm NIO.
Simon Wang, the head of AI algorithms for intelligent driving and the chief scientist for AI at Li Auto, will leave his job in the near future. Wang is mainly responsible for the research and development of AI algorithms for applications such as intelligent driving perception and maps.
On October 21, Chinese new energy vehicle firm NIO announced that it will offer a purchasing option for its ET7, EL7 and ET5 vehicle models in Germany, the Netherlands, Denmark and Sweden from November 21, to start delivery in early 2023.
Chinese electric vehicle maker XPeng is adjusting its organizational structure. The restructuring started about a week ago and is still in progress. It is expected that new appointments will be announced in the next week.
Recently, FAW-Volkswagen, Mercedes-Benz and other car companies have trended on Chinese social media because of their pop-up advertisements displayed in their vehicle systems. In fact, Great Wall Motor's HAVAL and NIO car owners have posted a few times about the same problem.
Italian sports car manufacturer Ferrari opened its first official clothing online store on China's e-commerce platform Taobao. The most expensive item is a gray women's mid-length trench coat, priced at 44,500 yuan ($6,187).
On October 11, ZF Friedrichshafen AG, also known as ZF Group, the world's leading automotive technology supplier, signed a strategic cooperation agreement with NIO, a Chinese new energy brand, in Munich, Germany.
According to data released by the China Passenger Car Association, the cumulative retail share of Chinese car brands in the first three quarters of this year was 47.0%, up 7.5% year-on-year. International luxury brands and joint ventures are now showing downward trends in China.
Following lively debate regarding the initial decision by Chinese automotive firm NIO to provide vehicles in four new European markets on a lease-only basis, remarks made by CEO William Li have once again entered the spotlight.
Chinese EV firm NIO launched in four European countries last week under a lease-only business model. Firm founder William Li admitted that the company had underestimated local consumers' enthusiasm and said it will be possible to make vehicle purchases in the four countries.
A group of China's top new energy vehicle makers including NIO, XPeng Motors and Li Auto have all been researching the development of their own automated driving chips.