NIO, the Chinese electric vehicle manufacturer, is getting into the phone-making business, and its phones will be designed to work with its cars. Chinese electric vehicle manufacturer, NIO, wants to start making smartphones in 2023, and early details paint a picture of a flagship Android smartphone. NIO was founded in 2014 and is sometimes referred […]
Audi drags Chinese EV maker Nio to court over trademark rights – EQ Mag Pro
BERLIN: Volkswagen’s Audi has filed a lawsuit in a Munich court against Chinese electric vehicle maker Nio over an alleged infringement of Audi’s trademark rights, German newspaper Handelsblatt reported on Thursday. According to Audi, Nio’s decision to name two of its models ES6 and ES8 infringes Audi’s trademark for its own model designations S6 and […]
New Energy Vehicle Sales to Grow Over 40% Per Year in China
NEV makers, such as Tesla Inc, Nio Inc, Xpeng Inc and BYD, are expanding manufacturing capacity in China, encouraged by the government’s promotion of greener vehicles to cut pollution. SHANGHAI: China’s new energy vehicle (NEV) sales are expected to grow more than 40% each year in the next five years, a senior official at the […]
Chinese Electric Vehicle Maker Nio Launches its 1st Overseas Store in Norway
The company, backed by Chinese tech giant Tencent, has delivered over 100,000 cars since it was set up in 2014, almost all of them in China. BEIJING : Chinese electric vehicle (EV) maker Nio Inc said on Thursday that it had launched its first overseas store in Norway and plans to start selling cars in […]
Nio Looks To Expand EV Charging Infrastructure In Partnership With Germany’s Metro
Chinese electric vehicle maker Nio Inc NIO 0.02% has agreed to partner with German retail giant Metro AG MTTWF to construct electric vehicle charging stations and battery swap stations, cnEVpost reported Monday. What Happened: Nio signed a long-term strategic partnership deal with the China arm of Metro, as per the report. The two companies will […]
Does Tesla’s Tumble Mean The Electric Car Party Is Over?
Tesla Inc’s (TSLA) stock has taken a tumble over the last few week, falling almost 30% since January 26.That’s hundreds of billions of dollars wiped off the value of one company in a matter of weeks. Other stocks int he sector took a similar beating, such as Nikola (NKLA) and Nio Limited (NIO). They are […]
For electric-vehicle maker Nio, government tie-up has its benefits
Chinese electric-car maker Nio Inc. said it had secured credit lines worth 10.4 billion yuan ($1.48 billion) from six domestic banks, just months after inking a cooperation deal with a city government, as the company hunts for funding amid concerns of tightening liquidity. The lenders are all branches of national state-owned commercial banks based in […]
NIO, the embattled electric car company, is getting a big bailout from Beijing
Beijing is picking winners and losers in China’s electric vehicle industry. And it appears the Chinese government has chosen to bestow its favor on NIO, a Shanghai-based company listed on the New York Stock Exchange. NIO is establishing a joint venture with a state-owned fund, Beijing E-Town International Investment and Development company (E-Town Capital), the […]