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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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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