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.
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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.
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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.
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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.
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NIO today unveiled an impressive new electric car, the NIO ET7, with a massive battery pack and the potential to be fully autonomous.
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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.
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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.
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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’s last quarter and 2019 financial results show the EV startup is focused on increasing efficiency and reducing costs.
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NIO released its delivery figures for Feb. 2020. It will report its fourth-quarter and full-year 2019 financial results on March 18, 2020.
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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.
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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, the Chinese EV startup that’s recently dealt with vehicle recalls and employee layoffs, has now seen two senior executives leave the company.
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.
Chinese electric vehicle startup NIO has laid off 70 employees in two California offices, including in the company’s North American headquarters.
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.
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Chinese EV startup Nio has announced that it won’t be building its own manufacturing plant in Shanghai after all.
NIO is following the successful launch of its ES8 electric SUV with a smaller and less expensive new model: the ES6 electric SUV.
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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.
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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.
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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, 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.
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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.
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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.
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