Smart and Sustainable Electric Mobility
"Nio will not go out of business, and there is absolutely no possibility of it going out of business," the company's president said in a speech.
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"Autonomous driving technology will be so mature that traffic accidents will become history."
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Nio transitions from a direct sales model to ease the financial pressure.
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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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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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So far this month, Nio was at 5,700 units, Xpeng at 6,100 units and Tesla at 22,900 units.
The post China EV insurance registrations for week ending Nov 12: Nio 2,900, Xpeng 3,900, Li Auto 10,000, Tesla 12,700 appeared first on CnEVPost.
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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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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.
The post Top NEV sellers in China in Oct: BYD No. 1 with 33.7% share, Tesla No. 8 with 3.7% share appeared first on CnEVPost.
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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.
The post Formula E returns to China after four years of absence appeared first on CarNewsChina.com.
Nio is considering "any kind of partnerships" in North America, the company's US CEO Ganesh Iyer said.
The post Nio still 'debating' North America entry by 2025, exec says appeared first on CnEVPost.
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