Smart and Sustainable Electric Mobility
Nio said it and JAC, Chery will carry out deep strategic cooperation in battery standards, battery swap technology, battery swap service network construction and operation.
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Nio has also signed strategic cooperation agreements with two state-owned groups in Anhui province for energy storage, charging, and battery swap system construction.
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BYD ranks No. 1, Tesla No. 2, and Nio No. 9 in terms of NEV market share in China in 2023.
The post Automakers' NEV market share in China in 2023: BYD 35%, Tesla 7.8%, Nio 2.1% appeared first on CnEVPost.
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Except for the flagship SUV ES8, all other Nio models saw deliveries increase in December compared to November.
The post Nio Dec deliveries breakdown: ES6 at 6,943, ET5 Touring at 3,331 appeared first on CnEVPost.
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Nio has no new models in the first three quarters of 2024, sales growth is likely to be low, and it may need to offer price discounts for its existing models amid stiff competition, BofA said.
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In the letter, Li laid out his views on the competition in the EV industry in 2024, as well as Nio's priorities.
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Alps is targeting the family car market priced between RMB 200,000 ($28,000) and RMB 300,000, according to local media.
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Nio needs to continue to improve its financial performance to support the company's sustainable growth, and has a responsibility and obligation to put every penny of investor and shareholder money to good use, Li said.
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Insurance registrations for major EV makers in China fell significantly last week, as the beginning of the year and the start of the month are typically low for deliveries.
The post China EV insurance registrations for week ending Jan 7: Nio 3,000, Li Auto 4,300, Tesla 3,200 appeared first on CnEVPost.
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The facilities allow vehicles to charge during low electricity use and discharge during peak times, helping to smooth the load on the grid and provide financial rewards for vehicle owners.
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