NIO

Two people involved in testing a car by Chinese electric vehicle (EV) startup Nio were killed after the car fell from the third floor of the office building during the test drive in Shanghai.The duo lost control of the car in a parking area in Shanghai Automotive Innovation Port in Anting, Jiading district, before the car smashed windows and fell to the ground on Wednesday, South China Morning Post reported, citing state-owned Shanghai Television.The startup confirmed the accident on Thursday evening and said the testing…

Two people involved in testing for the electric car brand NIO died when one of its vehicles fell three stories from a Shanghai parking structure, the company said Friday. The crash Thursday was under investigation but appeared to be an accident and "not caused by the vehicle," the company said in a statement. It said the employees who died were "digital cabin testers," one from NIO…

Employees stand next to a ET7 sedan at a NIO Inc. dealership in Shanghai, China, on Wednesday, June 8, 2022.Qilai Shen | Bloomberg | Getty ImagesA test car made by Chinese electric vehicle start-up Nio fell out of a third-floor parking lot of a building in Shanghai, killing two people, the company said in a Weibo post on Thursday.The incident happened at around 5:20 p.m. Beijing time on Wednesday. One company staff member and a partner employee died.Nio said it immediately started an investigation into the accident in…

During an online event broadcast earlier today, Chinese EV automaker NIO delivered a robust presentation of product upgrades, existing model updates, and the official launch of its long anticipated ES7 SUV. The all-new ES7 is now available for pre-order in China and will come loaded with NIO’s latest EV tech. NIO ($NIO) is a publicly-traded EV automaker founded in China in 2014. Since then, it has established itself as one of the leading electrified brand thanks to its ES8, ES6, and EC6 SUVs. In January of 2021,…

SHANGHAI: Chinese electric-car maker Nio said that in 2024 it will start making high-voltage battery packs that it has developed itself, as part of a drive to improve profitability and competitiveness to take on rivals such as Tesla. Nio, plans to start producing an 800-volt battery pack in the second half of 2024, its chairman William Li told analysts on a call. Most electric vehicles operate with 400-volt batteries while Porsche's Taycan electric cars are powered by 800-volt lithium-ion battery packs, which recharge…

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Nio's et5 electric sedan is set to begin deliveries in Sept. 2022.NioChinese electric-vehicle maker Nio lost $281.2 million in the first quarter, wider than the $68.8 million it lost a year ago, as it scrambled to keep pace with intense demand amid China's recent Covid-related shutdowns.Here are other key numbers from Nio's first-quarter earnings report.Revenue: $1.56 billion, up 24% from the first quarter of 2021.Adjusted loss per share: 13 cents, versus 4 cents in the first quarter of 2021.Gross margin: 14.6%, versus…

The world’s largest maker of EV batteries is struggling to win back investor confidence after shedding nearly $100 billion of market value in less than six months.The market has cooled on China’s Contemporary Amperex Technology Co. 300750 2.77% , or CATL, as high raw-material costs have squeezed its profit margins. Over a longer term, some investors and analysts question whether CATL’s growth could suffer as competitors expand rapidly and customers try to diversify their…

Nio began deliveries of its new ET7, an upscale electric sedan, on Monday, March 28, 2022.NioChinese electric vehicle maker Nio delivered more than 7,000 vehicles in May, up 4.7% from a year ago but well below its current production capacity, as Covid-related disruptions continued to limit the company's manufacturing and its ability to deliver vehicles to customers.Nio said in a statement that its manufacturing had been "gradually recovering" in May from pandemic-related disruptions, but that its ability to deliver…

Nio began deliveries of its new ET7, an upscale electric sedan, on Monday, March 28, 2022.NioCheck out the companies making headlines in midday trading.Marathon Oil, Diamondback Energy — Energy stocks rose along with oil prices after an agreement from European Union leaders to ban most crude imports from Russia stoked inflation fears. Shares of Marathon Oil jumped more than 4%, and shares of Diamondback Energy gained 1.9%.Alibaba, JD, Baidu — A slew of Chinese stocks listed in the U.S. rallied after the country's Covid-19…