In China, an Electric Car Maker Loses Money but Thinks Big
Nio can tap an extensive supply chain that Beijing has built to achieve its dream of dominating the manufacture of electric cars.
The Chinese electric vehicle maker Nio, in a bid to win over new customers, is waiving the fees for something that could be a real selling point in the increasingly tight Chinese EV market: battery swapping. The company had installed 80 battery swap stations in China in 2018 and now has well over 100 of them. It had planned to install 1,100 of...
After laying off 70 workers and closing an office in the U.S., Chinese automaker Nio is searching its cupboards for cash. EV sales have foundered in China this year after generous subsidies expired. and several companies have delayed or abandoned expansion plans. Nio seems to be no exception, except that it has other resources it can look to cash...
Chinese startup automaker Nio is recalling nearly 5,000 of the ES8 SUVs that it has sold in China following a spate of fires in their battery packs. Nio says the pack assembly is the problem. A module in the pack can rub against a cable that samples voltage and eventually wear through the insulation—causing a short that leads to a fire. The...
Nio last week announced a joint venture with state automaker GAC to sell electric cars in China. It's especially of interest in the U.S. because both companies have their sights set on selling electric vehicles here. The equal-split venture, to be called GAC Nio New Energy Vehicle company, will build and sell EVs under a new Hycan brand in China...
Chinese electric-car startup Nio announced Thursday that it will close an office in California and lay off 70 workers, according to a report in The Verge. The report cites a filing with the California Employment Development Department. After introducing two new SUVs alongside its high-performance electric sports car, Nio unveiled a new concept for...
What company announced plans to finally bring new diesels to the U.S.? Where are new incentives being offered on used EVs? This is our look back at the Week In Reverse—right here at Green Car Reports—for the week ending April 19, 2019. This week was all about new-car debuts at the New York and Shanghai auto shows. In New York, Toyota...
After a supercar, a race car, and two SUVs, Chinese automaker Nio plans a sporty fastback sedan for its next model. Nio unveiled the ET Preview at the Shanghai auto show on Tuesday, following a teaser with the ET7 Concept earlier this month. READ THIS: Nio teases sleek ET7 coupe, to include next-generation power system The company released few...
Tesla announced its production and delivery numbers so far for 2019—and they aren't very promising. Audi released long-awaited final range ratings for its upcoming e-tron quattro electric SUV. lFord also reveals the European range rating for its upcoming Mach E—or whatever they call it—electric SUV, which could hint at how far it...
Nio, one of a handful of Chinese electric carmakers aiming to be Tesla competitors, just teased its next mass-market car, expected to debut at the Shanghai auto show later this month. Its latest car looks set to be a four-door luxury fast-back, perhaps similar to shadows of a car known as the EVE Vision shown in earlier Nio press materials as...
Tesla announced it will sell the base $35,000 Model 3 this month, and will only sell cars online going forward. At the same time, CEO Elon Musk announced plans for the company's long-awaited Full Self-Driving system. The U.S. Senate confirmed Andrew Wheeler as permanent EPA Administrator. Daimler teamed up with BMW to develop car- and ride-sharing...
As it works toward an entry in the U.S. and works on a next generation of vehicles that may be sold here, China's NIO is thinking a lot about batteries getting hot—more specifically, how to avoid the issue altogether. The U.S. Patent and Trademark Office published Thursday a number of new patent applications from NIO USA, Inc., the American...
Chinese electric automaker Nio introduced its second, most mainstream, model at an event in China on Saturday. The Nio ES6 is a small-to-midsize crossover vehicle, which, according to Nio's optimistic specs, could deliver 258 miles range from its standard 70-kilowatt-hour battery, or 289 miles from a bigger 84-kwh battery, on the most-optimistic...
Another day, another electric vehicle from another startup carmaker in China enters the fray. The Chinese company Nio has now officially launched its first vehicle for the masses—an all-electric 480-kilowatt (644-horsepower) SUV to take on Tesla's Model X at just over half the price. The new model, called ES8, has a starting price of 448,000...
Nio, the electric-car maker formerly known as NextEV, has raised a substantial amount of money in its latest round of fundraising. The Chinese startup reportedly received a stunning $1 billion in funding, with Chinese investment powerhouse Tencent leading the charge. Notably, Tencent also holds a stake in Silicon Valley automaker Tesla. DON'T...
Chinese startup NextEV is the latest company attempting to replicate the success of Tesla with a long-range electric car. NextEV launched its Nio brand last year in dramatic fashion with the EP9—a 1,360-horsepower electric supercar. At the time, the company noted it was developing a model that would be at least a bit more relevant to the...
Among the many startups looking to repeat the success of Tesla Motors, China's NextEV has somewhat flown under the radar. But the company is now discussing concrete plans for its future electric cars under a new brand called Nio. NextEV launched the Nio brand in dramatic fashion last month with the announcement of the EP9, a 1,360-horsepower...