SKF and Chinese premium smart electric vehicle manufacturer NIO have strengthened their strategic cooperation. As part of the agreement, SKF will be a preferred supplier of ceramic ball bearings and provide wide-ranging technical expertise to support N…
Tag: NIO
Tesla price target reductions, Rivian recall take focus as EV stocks slide
Electric vehicle stocks are continuing to slide on Monday as a broader market turnover continues to affect the economy. Tesla faced several price target reductions on Monday morning amidst a lower-than-expected delivery count for Q3, while Rivian shares are down due to a recall that affected over 12,000 vehicles. However, these are not the only […]
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NIO announces details of its expansion into German, Dutch, Danish and Swedish markets
Smart electric vehicle company NIO unveiled details of its products and services for Germany, the Netherlands, Denmark, and Sweden at its European launch event in Berlin. This expansion follows its entry into the Norwegian market last year. Three n…
NIO Provides September and Third Quarter 2022 Delivery Update
NIO Inc., Chinese leading company in the premium smart electric vehicle market, announced its September and third quarter 2022 delivery results. NIO delivered 10,878 vehicles in September 2022. The deliveries consisted of 7,729 premium smart electric S…
NIO produces first battery swapping station for European market
NIO’s Power Europe Facility in Hungary delivered its first Power Swap Station to Germany. This is a milestone in the acceleration of NIO Power’s development in the European market and the ability to provide more convenient power services for European u…
Tesla (TSLA) pulls out all the stops to fend off competition in China
Tesla (NASDAQ: TSLA) is pulling out all the stops to fend off competition in China, including offering a new subsidy program that requires the automaker’s in-house insurance program. The automaker is facing worthy competition from Chinese automakers, a note from analysts at Morgan Stanley said, which has resulted in Tesla utilizing a few strategies to […]
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XPeng, NIO provide EV sales results for August 2022
Chinese electric vehicle maker NIO outpaced XPeng Motors in August electric vehicle deliveries, according to sales reports Thursday. While NIO’s August sales increased modestly compared to July, XPeng saw its deliveries decrease after issuing con…
NIO plans to enter the U.S. by 2025
NIO has announced it plans to expand into the U.S. market by 2025. According to Electric-Vehicles.com, NIO plans to enter the U.S. market alongside other western markets by the end of 2025. The company has already established a U.S. headquarters in San Jose, California, where they started hiring last month, and has even opened showing […]
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Nio to open first overseas facility in Hungary
Chinese premium electric vehicle manufacturer Nio has announced plans to open its first overseas facility in Budapest, Hungary, in September 2022. Located in Pest in the eastern part of the city, the new 10,000 square meters facility will manufacture p…
NIO delivered 10,052 electric vehicles in July
Chinese premium EV maker NIO today provided its July 2022 delivery results. NIO delivered 10,052 vehicles in July 2022, representing an increase of 26.7% year-over-year. The deliveries consisted of 7,579 premium smart electric SUVs, and 2,473 premium s…
