Nio

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.

NIO and its suppliers are forging a new path in China’s EV market. WeLion New Energy Technology, NIO’s semi-solid-state EV battery maker, saw a 31% increase in installations last month. The growth comes as NIO officially began renting its 150 kWh battery pack for the new ET7 this month, enabling over 621 (1,000 km) CLTC range.

Despite recently announced tariffs on Chinese-made EVs imported into Europe, NIO has officially launched its EL8 SUV overseas. It will initially be sold in five EU markets as NIO touts its commitment to sales in the region despite the looming threat of import fees.

After concluding that EVs imported from China have an unfair advantage due to government subsidies, the European Commission said it would impose additional tariffs by up to 38.1%. How will the new EU tariffs impact Chinese EV makers like BYD and NIO?

One of China’s brightest electric vehicle startups, NIO (NIO), reported a wider-than-expected Q1 loss. Although NIO expects EV deliveries to more than double in Q2, its stock continues sliding.

Who said EV sales were slowing? NIO kicked off construction on its third EV plant as the existing two can no longer meet demand. Amid reports that the new plant will boost production capacity to that of Tesla’s Shanghai plant, NIO’s president clarified rumors.

After confirming its European expansion plans, NIO CEO William Li said EVs “should never be used as a political target.” The warning comes as the EU weighs tariffs on Chinese EVs.

The first model of NIO’s new low-cost Onvo brand, the L60 electric SUV, could lead to a sales surge, according to at least one analyst. Aimed at Tesla’s best-selling Model Y, the NIO Onvo L60 could boost sales to over 20,000 per month as an even more affordable ($30K) option.

Chinese EV maker NIO launched the first EV under its new mass-market Onvo brand Wednesday. The new Onvo L60 electric SUV will rival Tesla’s best-selling Model Y at a cheaper starting price. Starting at just $30,500 (219,900 yuan), can NIO’s new electric SUV compete with the Model Y?