Electric vehicles are booming. Shortened supply chains, making parts in-house, and advanced battery technologies have significantly helped manufacturers lower the costs of their electric vehicles. Consumers may soon see multiple EVs for sale under $30,000, which is exciting. But let’s forget about all of that promise right now, and visit the other end of the spectrum. What are some of the most expensive electric vehicles you can buy? Below is a list of what’s currently out there, and what EVs will soon be available for big bucks.
Nio Stories October 21
Nio Stories October 18
EV automaker NIO has just announced that its annual “NIO Day” 2021 event will be held at the Olympic Sports Center in Suzhou, west of Shanghai on December 18. NIO Day 2020 was held in early January of this year, and the event is usually when the automaker introduces new models. That trend should continue this year as the automaker is expected to reveal at least two new models and possibly an entirely new vehicle brand. Here’s what we know so far.
Nio Stories October 12
CATL, the leading battery manufacturer in China, has shared new plans to create a $5 billion facility to recycle used batteries for their earth materials such as cobalt and lithium. The facility will be erected as a joint venture at a time when EVs are becoming more and more in demand globally.
Nio Stories September 13
Nio Stories August 31
NIO began offering test drives yesterday to consumers in Norway of its ES8 electric SUV, ahead of deliveries to the Scandinavian country later this year. With early test drive reservations already locked up, Norwegians can now experience NIO’s flagship electric SUV on off-road terrain and on an airport tarmac.
Nio Stories August 24
Chinese automaker XPeng has officially begun its first venture overseas as it has loaded its P7 EVs on a ship headed for Norway. This initial batch of smart electric sedans represents XPeng’s commitment to a full-scale operation in Norway and an eventual expansion further into Europe.
NIO has introduced a new test on its app required for all drivers before unlocking the ability to use Navigate on Pilot (NOP), the company’s assisted driving feature. The required testing comes in the wake of a fatal crash earlier this month that involved a man driving his NIO ES8 using NOP in Southeast China.
Nio Stories July 9
NIO, a growing Chinese electric vehicle maker, announced a new plan to open up battery swap stations and technology to other electric automakers.
Are there going to be any takers?
Nio Stories July 8
A recent job post by Chinese automaker NIO offers a potential hint that the company plans to expand its sales presence in the EU to Germany next. While NIO is currently in the process of shipping superchargers and battery swap stations to Norway as the first stop on its European tour, expanding to Germany makes sense for several reasons.
Nio Stories July 7
NIO’s expansion overseas has officially begun as superchargers and swap stations have begun their journey to Norway and are expected to arrive next month. According to the Chinese automaker, home chargers and superchargers will be officially available to Norwegian customers beginning in September, while the first rollout of four battery swap stations will become available before year’s end.
Nio Stories July 1
China continues to grow its EV presence as automakers (and Tesla competitors) NIO and Xiaopeng Motors (XPeng) have reported delivery records for June, as well as Q2 of 2021. This is a continued trend for the Chinese automakers, who have both seen tremendous month-over-month growth and even more growth year-over-year.
Nio Stories June 15
Nio Stories May 6
NIO, one of the most successful new electric automakers to come out of China, is expanding for the first time out of its home country – starting with launching its electric vehicles in Norway.
Nio Stories March 26
Chinese EV manufacturer NIO announced it will halt production at its JAC-NIO facility for five working days. The facility in Hefei, the capital of the Anhui Province, will suspend vehicle production beginning Monday, March 29. NIO has now become the next victim of a continuing global semiconductor shortage.
Nio Stories March 19
Auto manufacturer Geely plans to launch a new premium EV brand called Zeekr in China. Zeekr will exist as a separate brand and marketing strategy under the Geely umbrella. The automaker reportedly hopes to develop premium vehicles like Mercedes-Benz to compete with the likes of Tesla.
Nio Stories March 3
EV startup Ample today announced the rollout of its new modular battery swapping technology. A fully autonomous station deploys robots to remove and replace modules from an electric vehicle containing Ample’s modular battery architecture. These swapping stations are currently operational in California’s Bay Area.
Nio Stories February 16
Tesla continues to grow in market value and most recently, in crypto currency. Being No. 1 puts an “x” on the American automaker’s back, but it also helps fuel a healthy pool of Tesla competitors, especially in China. Below are several of the big names making extensive gains in the Asian auto market. These companies are already challenging Tesla in China, and some may bring the competition to American soil next.
Nio Stories January 28
When Winston Churchill described “a riddle, wrapped in a mystery, inside an enigma,” he could have easily been talking about one of the many electric vehicle startups around the world. If Tesla has cracked the code, what about the numerous others that are looking to solve the EV puzzle? In China, we have heard that it is “Blue Sky Coming” from Shanghai’s NIO for several years now, but until last year, there were clouds gathering on the horizon.
Nio Stories January 9
NIO today unveiled an impressive new electric car, the NIO ET7, with a massive battery pack and the potential to be fully autonomous.
Nio Stories November 6, 2020
Nio has unveiled today a 100 kWh battery pack with a cell-to-pack design, similar to what Tesla recently announced at battery day.
The automaker is going to enable current owners to upgrade their battery pack — something quite rare in the industry.
Nio Stories June 2, 2020
Several have tried and failed, but Nio might have figured out how to make battery swapping viable for electric cars as it completes its 500,000th swap. expand full story
Nio Stories May 6, 2020
The world’s electric-car infrastructure is growing by leaps and bounds. But there are still gaps – places without chargers that could be served if EV charging was portable, flexible, and put on wheels. Colorado-based Lightning Systems today became the latest to introduce a mobile DC fast charger for electric vehicles. But are these solutions more than a gimmick?
Nio Stories March 20, 2020
NIO’s last quarter and 2019 financial results show the EV startup is focused on increasing efficiency and reducing costs. expand full story
Nio Stories March 16, 2020
NIO released its delivery figures for Feb. 2020. It will report its fourth-quarter and full-year 2019 financial results on March 18, 2020. expand full story
Nio Stories February 26, 2020
The production of the highly anticipated NIO EC6 SUV EV kicked off at the JAC-NIO Advanced Manufacturing Center in Hefei. NIO shows it is continuing its climb out of last year’s slump. expand full story
Nio Stories February 20, 2020
Geely, the China carmaker behind Volvo, Polestar, and Lynk & Co, was rumored this week to be making a $300 million investment in Nio. Reports about the investment come from Yuguan Cheshi, a WeChat-based media outlet. That’s only the latest in a wave of rumors about how Nio will emerge from its financial woes.
Nio Stories July 1, 2019
Nio takes another hit as two senior executives leave the electric car startup
Nio, the Chinese EV startup that’s recently dealt with vehicle recalls and employee layoffs, has now seen two senior executives leave the company.
Nio Stories June 27, 2019
Chinese electric car maker NIO has recalled more than a quarter of all its ES8 all-electric SUVs sold thus far due to a risk of overheating and spontaneous combustion in battery packs of the vehicles.
Nio Stories May 2, 2019
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 April 16, 2019
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, 2019
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
Nio Stories July 26, 2018
As we previously reported, electric vehicle startup NIO is emerging as a serious competitor in the EV space in China and is now courting Tesla owners with mobile charging stations through vans, which were designed for its vehicles – but available to Tesla owners. expand full story
Nio Stories July 16, 2018
The Goodwood hill climb this weekend was dominated by all-electric vehicles. Nio’s EP9 all-electric hypercar and VW’s Pikes Peak I.D. R all-electric race car took over Goodwood with new records. expand full story
Nio Stories April 3, 2018
Electric vehicle startup NIO is emerging as a serious competitor in the EV space and illustrating that, the company opened its first service center right next to Tesla’s in Beijing as it’s about to deliver its first cars. expand full story
Nio Stories December 16, 2017
China’s demand for SUVs and electric vehicles keep increasing, which made Tesla’s Model X a very popular vehicle in the country despite its higher price due to import duties slapped on all of Tesla’s vehicles.
Now NIO, one of the most well-funded new Chinese EV startups, launched their first production vehicle this week, the NIO ES8, a cheaper all-electric SUV to try to capture the market. expand full story
Nio Stories April 19, 2017
After unveiling its ‘EVE’ concept, an all-electric and autonomous vehicle, and raising ‘up to $600 million’ in latest round led by Baidu, NIO is now unveiling its first “production vehicle” at the Shanghai Auto Show today.
The vehicle is called NIO ES8 and it is a full size 7-seater electric SUV. expand full story
Nio Stories March 27, 2017
Chinese tech giant Baidu has confirmed having led a financing round in the electric vehicle startup NIO, formerly known as NextEV. The news comes just after the company unveiled its ‘EVE’ concept, an all-electric and autonomous vehicle.
The round of investment is reportedly worth up to $600 million, which would make NIO one of the most, if not the most, well-financed electric vehicle startups today. expand full story
Nio Stories March 10, 2017
Electric and autonomous vehicle startup NIO unveiled a new concept today to set the tone for its upcoming mass market car. That’s after first showcasing its tech in a $1 million supercar last year.
In Austin for SXSW today, NIO laid out its “vision” for the future of autonomous cars and the“NIO EVE” concept is the first embodiment of that vision. expand full story
Nio Stories February 27, 2017
The ‘NIO EP9’, an all-electric supercar which has been dubbed the “fastest electric car in the world”, set two new records last week at the Circuit of the Americas Race Track in Austin, Texas. The company made the announcement today along with the confirmation of a US debut next month following its world launch in London last year. expand full story
Nio Stories November 21, 2016
Today, electric car startup NextEV launched a new brand ‘NIO’ and its first electric car ‘NIO EP9’ at the Saatchi Gallery in London. The company is claiming that the ‘NIO EP9’ is the “fastest electric car in the world” after releasing lap records of the vehicle beating EV records in Nürburgring and at Circuit Paul Ricard in France over the past few weeks. expand full story