Nio is cutting prices for its cars, and delaying plans to spend on business expansion and research. On Friday, the company reported cash and cash equivalents of 14.76 billion yuan ($2.07 billion) as ...
(Yicai) Nov. 26 -- Nio's shares fell after the Chinese electric automaker warned that the phase-out of government subsidies ...
Nio is a leading electric vehicle, or EV, manufacturer in China, targeting the premium segment. Its current model portfolio’s retail prices range from CNY 368,000-CNY 634,000, with 450-700 km driving ...
Nio Cars was founded by Li Bin (also known as William Li), one of the more notable entrepreneurs to have entered the Chinese auto industry during the 21st Century's New Energy Vehicle era of electric ...
Chinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand, Onvo, will be about $4,000 cheaper than Tesla’s comparable Model Y. Deliveries for Onvo’s first ...
The Nio House is half public showroom and half private oasis for members only. The roughly 13,000-square-foot location at the Mixc mall in Shanghai’s Minhang district is one of 184 across China. The ...
NIO is currently loss-making, facing significant domestic competition and challenges in the electric vehicle market. Tariffs are adding financial strain, further complicating the company's path to ...
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