NewsExclusive | EV maker Nio in talks to raise USD 700 million, build factory to roll out 200,000 cars a yearChinese EV makers set sight on state-owned capitals. 1 min read
China’s answer to Tesla saw its shares plunging to a record low after the announcement. NewsChinese EV maker Nio looks forward after USD 478.6 million net loss in Q22 mins read
Nio has only fulfilled less than 30% of its annual sales target. NewsChinese EV maker Nio dangles ‘zero down payment’ in Shanghai to pursue sales target1 min read
The Chinese auto maker, which is to further reduce 1,200 people, will welcome Zhang Lei in September. NewsExclusive | EV maker Nio taps former Google veteran to save troubled software unit2 mins read
Issues discovered include substandard quality, insufficient electrical insulation, and a lack of maintenance. News70% of China’s EV charging posts could be lethal, report finds2 mins read
The company has already laid off about 1,000 people this year. NewsNio to lay off more than 1,000 employees by the end of September2 mins read
Both companies are seeking ways to cut costs. NewsNio and Didi may merge their autonomous driving businesses2 mins read
The Beijing-based long-term investor’s holdings in these companies reached USD 837.2 million. NewsHillhouse Capital bets bigger on mobility with new stakes in Tesla, Uber and Nio2 mins read
The company has reportedly laid off about 1000 staffs this year. NewsNio’s new vehicles deliveries drop by 37.5% in July due to mass battery pack recall1 min read
