Nio Inc is a pioneering electric vehicle (EV) manufacturer based in China, specializing in the design, manufacture, and sale of high-performance smart electric vehicles
The company is renowned for its innovative approach to automotive technology, incorporating advanced features such as artificial intelligence and autonomous driving capabilities into its vehicles. Nio also emphasizes a customer-centric experience, offering services such as battery-as-a-service, enabling users to swap out depleted batteries for fully charged ones at designated stations. Through its commitment to sustainability and innovation, Nio aims to redefine the future of mobility in the global auto industry.
Tesla achieved record EV sales in China, with December marking an 83,000-unit milestone, up 12.8% from November. For 2024, Tesla sold 657,000 vehicles in China, an 8.8% increase year-on-year.
Nio and Li Auto have reportedly joined Tesla and BYD Company in intensifying China's EV price war. Offering discounts and zero-interest financing through 2025, these incentives aim to capitalize on growing demand in the largest auto market globally.
Xiaomi Corp's electric cars can now use over 14,000 charging stations from rivals NIO, XPeng, and Li Auto. China plans to boost EV industry with $411 billion in bonds.
NIO Inc. announces a repurchase opportunity for its Convertible Senior Notes due 2027 while its sub-brand Firefly gains traction in China, reportedly attracting over 100,000 app registrations.
