Nio transitions from a direct sales model to ease the financial pressure.
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Category: Nio
Nio starts recruiting dealer partners for its main brand and sub-brand
Nio has started recruiting dealership partners for the Nio brand and a sub-brand, in what appears to be a move aimed at reducing expenses while expanding sales network.
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Nio wins final verdict in lawsuit against vlogger
The final judgment upheld the original verdict, requiring the owner of the Douyin account Cheshiji to post an apology to Nio for thirty consecutive days and pay RMB300,000 in damages.
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China EV insurance registrations for week ending Nov 12: Nio 2,900, Xpeng 3,900, Li Auto 10,000, Tesla 12,700
So far this month, Nio was at 5,700 units, Xpeng at 6,100 units and Tesla at 22,900 units.
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Nio appoints professor from top Singapore university as independent director
Wen Yonggang, Professor and Chair of the School of Computer Science and Engineering at Nanyang Technological University, Singapore, has been appointed as a new independent director of Nio.
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Top NEV sellers in China in Oct: BYD No. 1 with 33.7% share, Tesla No. 8 with 3.7% share
In the January-October period, BYD was No. 1 with a 36 percent share, Tesla was No. 2 with 7.8 percent and Nio was No. 9 with 2.1 percent.
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Formula E returns to China after four years of absence
FIA added Shanghai to one of 16 electric F1 races that will be held next year. Shanghai will organize two races at the end of May 2024.
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Nio still ‘debating’ North America entry by 2025, exec says
Nio is considering "any kind of partnerships" in North America, the company's US CEO Ganesh Iyer said.
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Nio Oct deliveries breakdown: ES6 at 5,875, ET5 Touring at 3,105
The ES6 remains the best-selling Nio model, but deliveries were down from September, while deliveries of the EC6 coupe SUV were up significantly.
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Nio rumored to be integrating sub-brand Alps into main brand’s team
Alps is rumored to no longer be a standalone program, with the team's personnel assigned to various Nio divisions and some positions cut.
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