NIO

Nio's ET5 stands on display at the Central China International Auto Show on May 25, 2023, in Wuhan, China.Getty Images | Getty Images News | Getty ImagesNio on Tuesday reported narrowing losses in the third quarter, but gave a revenue forecast below market expectations.Here's how Nio did in the third quarter, according to LSEG consensus estimates:Revenue: 19.1 billion Chinese yuan ($2.7 billion) versus 19.4 billion yuan expected.Loss per share: 2.67 yuan per share loss versus 2.91 yuan loss expected. That was smaller than…

Up-and-coming Chinese EV maker NIO is partnering with Geely, the company behind Volvo, Polestar, and several other brands for EV battery swapping. Volvo owner taps NIO for EV battery swapping NIO and Geely will collaborate on EV battery standards, new swapping tech, and network expansion. They will also tackle “swappable model development” and battery management. Battery swapping can help EV drivers get back on the road quickly by replacing a depleted pack with a fully charged one. NIO…

In China. I didn’t want to bury the lede too far. Today, NIO and Changan Automotive announced the two companies had agreed to develop a joint standard for swappable EV batteries. NIO is the largest operator of swappable passenger EV batteries in the world, with over 2,000 battery swap stations in its home market of China, along with a small network in Europe. But today’s news is an important milestone for battery swapping regardless. The companies have provided no timeline on when this…

The letters said in the 12 months ended November 2022 that Chinese AV companies test drove more than 450,000 miles in California.A bipartisan group of U.S. lawmakers raised alarm about Chinese companies collecting and handling sensitive data while testing autonomous vehicles in the United States, according to letters seen by Reuters on Thursday.The lawmakers, including House of Representatives Energy and Commerce Committee Chair Cathy McMorris Rodgers and China select…

Nio's ET5 stands on display at the Central China International Auto Show on May 25, 2023, in Wuhan, China.Getty Images | Getty Images News | Getty ImagesChinese electric carmaker Nio plans to cut 10% of its workforce amid "fierce competition," CEO William Li said Friday.The job cuts will be completed by November."The coming two years will witness the most intense competition during the transformation of the automotive industry in an environment full of uncertainty," Li told employees in a letter seen by CNBC. He added…

Nio Phone has been launched in China priced under CNY 7,500 (roughly Rs. 85,200). The company's first smartphone comes in three RAM and storage options and seven different colourways. The phone is currently listed on the Nio China website, revealing all the specifications, the phone's design and its price. The handset comes equipped with a 5,200mAh battery with support for 66W fast wired charging and 50W wireless flash charging. It sports a 6.81-inch LTPO OLED display with a 120Hz refresh rate.Nio Phone price,…

Less than a week after NIO USA’s CEO shared intentions for the Chinese automaker to enter North America by mid-decade, he has spoke again saying the company is still actually “debating” market entry. NIO EVs coming to the US still feels imminent, but the executive relayed that the automaker will need plenty of help to do so, adding uncertainty to that 2025 timeline. NIO ($NIO) remains one of the top names in EV innovation in China, whose reputation has since extended into new markets of Europe and…

Snapdragon 8 Gen 3 was announced by Qualcomm at the chipmaker's annual Snapdragon Summit event on Tuesday. The new chip will power flagship Android smartphones from a range of manufacturers expected to debut in the coming weeks and months — starting with the Xiaomi 14 that will be launched on October 26. OEMs like Asus, Honor, iQoo, Meizu, Nio, Nubia, OnePlus, Oppo, Realme, Redmi, Red Magic, Sony, Vivo, Xiaomi, and ZTE will launch smartphones that are equipped with the new chip.The Xiaomi 14 is set to debut on October 26…

As an American automaker, Tesla continues to grow its production footprint (and sales sheet) in China, but the same opportunities are not currently available to Chinese EV automakers, like NIO, hoping to enter the US market. NIO CEO William Li hopes that will soon change as both he and Elon Musk stress the need for improved relations between the US and China. Earlier this summer, Elon Musk visited China, where he was welcomed by Foreign Ministers who rolled out a Tesla red carpet to the CEO as…

Two and a half years after first sharing plans to implement a 150 kWh solid-state battery pack in its EVs, NIO appears poised to finally do just that. The automaker’s digital user manuals now feature specifications of the solid-state pack, supplied by WeLion – debuting on the upcoming ES6 SUV. The additional supports recent promises from NIO’s chief that customers in China will be able to select the energy-dense pack as early as this month. During its 2020 NIO Day event, held in January of…