Nio adds JAC and Chery as partners in developing battery swap stations. Previously, it signed similar contracts with Changan and Geely.
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Category: Nio
Nio ties up with 2 state-owned groups in Anhui, to support new firm in building 1,000 swap stations
A new company called Zhongan Energy was launched today and it will build 1,000 battery swap stations with the support of Nio and two state-owned groups in Anhui province.
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Nio confirms battery swap tie-ups with JAC, Chery
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 signs battery swap tie-up agreements with JAC and Chery, report says
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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Automakers’ NEV market share in China in 2023: BYD 35%, Tesla 7.8%, Nio 2.1%
BYD ranks No. 1, Tesla No. 2, and Nio No. 9 in terms of NEV market share in China in 2023.
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Nio Dec deliveries breakdown: ES6 at 6,943, ET5 Touring at 3,331
Except for the flagship SUV ES8, all other Nio models saw deliveries increase in December compared to November.
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BofA downgrades rating on Nio to Neutral from Buy
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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Full text: Nio CEO William Li’s 1st letter to employees in 2024
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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Nio Alps’ 1st model to be SUV, deliveries to begin in H2, report says
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 put every penny of investor and shareholder money to good use, says William Li
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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