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.
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.
It's a fastback sedan said to boast Level 4 autonomous capability.
Shares in NIO fell 15 percent one day after the company's IPO.
Has begun deliveries of its electric SUV, plans to go public on the NYSE.
The first Chinese customers have received their NIO ES8 vehicles.
It follows last year's record lap at Nurburgring Nordschleife.
It plans to bring its first car to U.S. market in 2020
For going on three decades, CES is the reason I don't make New Year's resolutions, like going on a diet or quitting drinking. While I realize that this is certainly a champagne problem, heading to Vegas is not my ideal way to kick off the new year. Or even end it, since I'm not a fan of Sin City. Whereas most people go to Vegas expecting to pig out on all-you-can-eat buffets and engage in all-night drinking and gambling binges, I've made the trek since 1989 to consume as much as I c
It costs the equivalent of $67,700.
Nio claims the EP9 to be the fastest road-legal car around the Nordschleife