Nio

China’s NIO (NYSE: NIO) has a new secret weapon it’s about to unleash. After launching the first model of its new affordable EV brand Onvo, NIO says the upcoming electric SUV will be “much more competitive.”

Chinese EV automaker NIO has been teasing its third marque, codenamed “Firefly,” for quite some time now. Recently, executives at NIO have confirmed when it will officially launch the new ultra-affordable sub-brand and pull the sheet of its flagship model – NIO Day 2024.

China’s NIO (NYSE: NIO) delivered over 20,000 vehicles in September, its fifth straight month crossing the mark. In just three days, NIO sold 832 Onvo L60 electric SUVs, the first of its new low-cost EV brand.

China’s NIO (NIO) just received a $470 million cash investment as it prepares for its next growth stage. With the new funding and the launch of its low-cost Onvo brand, NIO is laying the groundwork to accelerate sales.

NIO’s (NIO) new Onvo L60, starting at just $21,200, paves the way for a “brand revival,” according to Deutsche Bank analyst Wang Bin’s team. The new low-cost electric SUV is crucial as NIO takes aim at market leaders like Tesla and BYD.

On Thursday, NIO officially launched its new Tesla Model Y rival, the Onvo L60. Starting at just $21,200 (149,900 yuan), NIO’s new electric SUV hits the market with cheaper prices than expected.

China’s NIO (NIO) is considering buying Volkswagen’s Audi plant in Brussels. Volkswagen’s plant is at risk of being shut down, and NIO wants to take advantage as the market shifts to EVs.

Three months after opening up sales of its ES8 SUV in Europe, NIO has begun customer deliveries. The refreshed all-electric SUV, renamed the EL8 for the European market, is the sixth NIO model to enter Europe, and the Chinese automaker is showing no signs of slowing down, even as the EU Commission imposed tariffs on imports.

NIO has shared its unaudited Q2 financial results for 2024, which detailed record-high EV deliveries that helped the automaker snag an even larger portion of the overall market in China. NIO also surpassed the expectations of financial gurus on Wall Street with its quarterly earnings.

NIO is expanding into Tesla’s territory with its new mass-market Onvo brand. The brand’s first model, the Onvo L60, will take on Tesla’s best-selling Model Y. Starting at around $30,000 (219,900 yuan), NIO’s new electric SUV undercuts the Model Y by about $4,000 (30,000 yuan) in China. With the first batch of stores opening next week, NIO looks to get new Onvo models out quickly.

Chinese EV automaker NIO is expanding its global presence, making headway in the United Arab Emirates (UAE) following a strategic partnership backed by the Abu Dhabi government. The automaker has gone live with an official website and social media page for its new UAE business division and has shared who will manage it.

On today’s episode of Quick Charge, Tesla’s weird new cooler faces off against Rivian’s clever new camp kitchen, Uber’s CEO thinks Elon is underestimating the problem, and NIO shows off its new rival to the best-selling Tesla Model Y.

NIO’s answer to the Tesla Model Y, its new Onvo L60 electric SUV, just rolled off the assembly line. As production kicks off, NIO’s Onvo brand unveiled interior details for the first time. At first glance, it looks suspiciously familiar.

NIO’s industry-leading battery swap technology is continuing to gain prowess as the Chinese EV company hits another milestone. Yesterday evening, NIO hit 50 million cumulative battery swaps, providing evidence that the EV charging method is not only viable but also preferred by many drivers.

On today’s exciting episode of Quick Charge, we talk about Whistlin’ Diesel snapping a Cybertruck’s gigacast frame, whether or not women worry too much about EV charging, and the progress being made by Tesla rivals in China.

China’s NIO (NYSE: NIO) crossed the 20K delivery threshold for the third straight month in July. Despite intensifying competition, NIO continues to see strong demand in the world’s largest EV market.

NIO has set a date for its second annual “IN” or Innovation Day 2024. The event will happen later this week in Shanghai and is promising the debut of NIO’s new SkyOS. We also surmise we will see the launch of NIO’s second branded smartphone.

If you’re a fan of soccer (or football, depending on where you live), you’ve been blessed with some exciting championship matches around the world recently. To celebrate the beautiful game, NIO has shown off some juggling, dribbling, and scoring skills of its new ET9 EV using its unique, fully-active suspension. See more in the videos below.

With over 20,000 electric vehicles delivered (again) last month, NIO broke its monthly and quarterly records. The surge comes with new models rolling out as NIO aims to expand the brand.

After setting a new delivery record in May, NIO (NYSE: NIO) is expected to deliver over 54,000 EVs in the second quarter. Despite a slight decline from May’s numbers, NIO is projected to deliver over 18,000 EVs in June, which would be enough to top its Q2 delivery target.

With additional tariffs expected on imported Chinese EVs, NIO says its affordable Firefly brand will still be competitive in the EU. Although it may impact sales, CEO William Li is still confident in the EV maker’s expansion plans.