NIO laid off 70 employees and closed an office in San Francisco
Chinese electric vehicle startup NIO has laid off 70 employees in two California offices, including in the company’s North American headquarters.
Nio Stories May 2
Nio Stories April 16
NIO, a Chinese electric vehicle startup that has been dubbed the ‘Tesla of China’, unveiled a new electric sedan, NIO ET Preview, and its own fast-charging station at the Shanghai Auto Show today. expand full story
Nio Stories March 6
Chinese EV startup Nio has announced that it won’t be building its own manufacturing plant in Shanghai after all.
Nio Stories December 16, 2018
NIO is following the successful launch of its ES8 electric SUV with a smaller and less expensive new model: the ES6 electric SUV. expand full story
Nio Stories November 15, 2018
No one in the electric vehicle space has managed to make battery swapping work yet, but Nio is trying big time with 18 new battery swap stations covering a 2,000+ km expressway in China. expand full story
Nio Stories November 1, 2018
Nio is ramping up its electric vehicle infrastructure effort in China and it is building battery swap stations.
The startup even built one right next to a Tesla Supercharger – creating a little glimpse into the future. expand full story
Nio Stories October 10, 2018
Nio was nice enough to invite us to London on the tail end of our 2018 Paris Motor show journey to witness the unveiling of its 2019 Formula E racing series car. As a background, the Chinese company has competed in the FIA Formula E championship since its inception in 2014, sponsoring the inaugural Drivers’ Championship winning team with Nelson Piquet Jr.
The company has some compelling consumer vehicles as well and we’ll take a look at them below but since they are in a quiet period after their recent US $1B IPO, we couldn’t talk much about them beyond what is already known.
Nio also got a huge vote of confidence this week from Tesla’s largest private stakeholder Balllie Gifford which reportedly bought over 11% of the automaker.
Nio Stories September 12, 2018
NIO, one of the biggest electric vehicle startups, officially entered the US stock market with a $1 billion IPO to ramp production of its electric vehicles.
It becomes the first Chinese-backed electric vehicle startup to go public in the US. expand full story
Nio Stories August 29, 2018
There are some major electric vehicle-only automakers in China, but Tesla is arguably the only major global electric vehicle-only automaker as establish automakers are still attempting to protect their gas-powered car business.
Now there are some new EV startups who have similar ambitions as Tesla and NIO is coming up at the top of the list as it attempts to raise $1.3 billion to finance those ambitions. expand full story
Nio Stories August 14, 2018
While Tesla wants to get away from the public market, it seems that several EV startups are willing to take its place. We just reported on Electra Meccanica going public on the NASDAQ and now NIO is filing to follow them.
The startup is seeking to raise $1.8 billion in a US IPO to finance its ambitious electric vehicle plans. expand full story
