27 Articles
Betting on flexibility, China's Nio will only rent cars in new E.U. markets

Plans 120 battery swapping stations in Europe by end of 2023

Inside China's electric drive for swappable car batteries

'Too convenient, too economical and too logical,' but it has lots of U.S. skeptics

'Buying Nio stuff': Chinese car company sells an entire lifestyle

Products, social app, clothes, food — even wine — bind its loyal customers

Nio reveals the ET7 sedan and solid-state battery technology

The sedan will be offered for sale in the first quarter of 2022

Chinese EV maker Nio starts battery leasing service to make electric cars cheaper

How it works and what it costs

Chinese electric vehicle (EV) maker Nio Inc has launched a battery leasing service that will allow drivers to buy an EV without owning the battery pack - one of the most expensive EV components - thereby lowering the starting price of its cars. The cheapest Nio car after subsidies is now an ES6 sport-utility vehicle (SUV) priced 273,600 yuan ($39,553) without ownership of the battery pack, versus 343,600 yuan including the pack. "We believe with BaaS, more customers of gasoline cars will consi

Daniel Abt back in Formula E with Nio after getting sacked over ringer

He let a gamer sit in for him in virtual 'Race at Home Challenge'

The 27-year-old German lost his real world drive after he let a gamer take his place, without the rest of the field knowing, in an official Formula E 'Race at Home Challenge' event. Abt, a winner in Berlin in 2018, will replace Chinese driver Ma Qinghua alongside British driver Oliver Turvey at the Chinese-owned team in the season finale behind closed doors at the old Tempelhof airport next month.

Coronavirus, cash concerns leave EV maker Nio with uncertain future

This, after releasing end-of-year financial results

The carmaker, seen as a challenger to Tesla Inc , has been hurt by dwindling demand and reduced government subsidies for electric vehicles in China, the world's largest car market. Last month, it signed https://www.reuters.com/article/nio-funding-electric/update-1-chinese-ev-maker-nio-in-talks-with-hefei-on-funding-plants-idUSL3N2AP2L8 framework agreements with Hefei's city government to raise more than 10 billion yuan and set up new manufacturing facilities. Vehicle sales in China fel

Tesla-rival Nio quarterly sales beat, shares surge driven by higher EV demand

Shares were up 13% before the bell

Nio sold 603 units of model ES8 and 4,196 units of its cheaper ES6 model in the quarter. Nio's ES8, a pure-electric, seven-seater sport-utility vehicle, is widely seen as a rival to Tesla Inc's Model X. The company counts Chinese internet giant Tencent Holdings and Hillhouse Capital Management as its shareholders, and raised $1 billion last year in an initial public offering that valued it at $6.4 billion.

Nio EV startup lays off 141 employees in U.S., with more to come

Stock price has fallen 78% this year as it suffered a big recall

Electric vehicle startup Nio is laying off 141 people at its North American headquarters. According to a filing from Employment Development Department of California, the employees at its San Jose office received notice on December 6. Nio, whose global headquarters are in Shanghai, announced last month that it is partnering with Intel’s Mobileye to develop autonomous vehicles for consumers.

Chinese EV maker Nio's U.S. stock tumbles over disappointing deliveries

Company's value is less than half of what it was a year ago

There's now a Razer electric SUV, of course

The NIO ES6 Night Explorer Limited Edition blends a Chinese EV with a gaming laptop

Nio teases ET7 electric sedan concept for Shanghai

It's a fastback sedan said to boast Level 4 autonomous capability

It's a fastback sedan said to boast Level 4 autonomous capability.

NIO blames system update for stalled EV in Beijing traffic

All press is good press?

All press is good press?

Nio unveils ES6 electric SUV, its third model

It'll do 0-62 mph in 4.7 seconds

It'll do 0-62 mph in 4.7 seconds.

Chinese EV maker NIO slumps then bounces back in U.S. IPO [Update]

Shares recover after falling 15 percent one day after debut

Shares in NIO fell 15 percent one day after the company's IPO.

Chinese automaker NIO plans to raise $1.8B with U.S. stock offering

Has begun deliveries of its electric SUV, plans to go public on the NYSE

Has begun deliveries of its electric SUV, plans to go public on the NYSE.

Nio EP9 EV sets its own Goodwood record

Fastest street-legal car (on slicks) in the hill climb

Fastest street-legal car (on slicks) in the hill climb.

NIO delivers first ES8 crossovers to Chinese customers

The 644-horsepower electric crossovers are made to order.

The first Chinese customers have received their NIO ES8 vehicles.

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