Smart and Sustainable Electric Mobility
Onvo L60, the first model in Nio's more mass market brand will launch on September 19. Prices will not be much lower than pre-sales.
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Nio is aiming to deliver 220,000 vehicles in 2024, including 200,000 under the Nio main brand and 20,000 under its sub-brand Onvo, its president said.
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Nio Onvo to launch the L60 in Hefei, Anhui province on September 19, targeting 20,000 unit deliveries within this year.
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Nio is holding a second-quarter earnings analyst call, and this post is CnEVPost's live update of the main points from the call.
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Nio reported a total revenue of RMB 17.446 billion ($2,400.6 million) in the second quarter, better than the RMB 17.385 billion expected by Wall Street analysts.
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Nio has signed an agreement with Suzhou Energy Group, a Chinese state-owned enterprise, to jointly promote charging and battery swap infrastructure.
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Nio has received a reply from the police today saying they have arrested the person suspected of creating and publishing the fake rumor about its bankruptcy.
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Wall Street expects Nio's revenue to be RMB 17.385 billion in the second quarter, exceeding the upper end of the EV maker's guidance range as deliveries unexpectedly beat guidance.
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Dongfeng Motor's premium electric off-road brand, M-Hero, has plugged into Nio's charging network, becoming the 12th brand to do so.
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Nio has begun to push forward with its Power Up Counties plan, with five county-level administrative regions seeing their first Nio battery swap stations go into operation in August.
For details, please visit CnEVPost.
