To date, NOP+ has completed more than 1 million kilometers of road verification, Nio said.
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To date, NOP+ has completed more than 1 million kilometers of road verification, Nio said.
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This is the largest-capacity battery pack mass-produced in the Chinese passenger car market, and Nio models equipped with the pack have a range of up to 1,055 km, Nio said.
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Nio reported mixed fourth-quarter results while providing a better than feared first-quarter outlook, said Deutsche Bank.
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Nio's mass-market-oriented brand, codenamed Alps, will debut in the second quarter. The first model will be launched in the third quarter and mass delivery will begin in the fourth quarter.
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Nio reported a net loss of RMB 5.37 billion in the fourth quarter, down 7.2 percent from the fourth quarter of 2022 and up 17.8 percent from the third quarter of 2023.
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BYD was at 38,500 units last week, up 21.84 percent from the previous week's 31,600.
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Alps DOM electric SUV from Nio was spotted during road tests. It is the Model Y rival that will enter China shortly.
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The camouflage-wrapped car has a few words on its rear window that mean it's better than Tesla's Model Y.
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It's time for Nio to kill the ES7. The ES7 offers little more than the best-selling ES6 and buyers have noticed leading to poor sales.
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Those who have been looking to buy a Model Y lately can wait a little while, as Alps' first model is certainly cheaper, said Nio's William Li.
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