Chinese electric vehicle maker Nio has quietly hired a Chinese computer vision expert to lead its self-driving unit following the June departure of Jamie Carlson, its tech lead since early 2016.Why it matters: The management change comes as Nio works on its self-driving technology development...

Shares for Chinese electric vehicle maker Nio fell 8.6% on Tuesday after the company posted better-than-expected gross profits for the second quarter amid concerns over the long-term scalability of its ambitious battery-swap program.These second-quarter financial results are an important...

I wanted to write an essay about Microsoft and TikTok today, because I was effectively a full-time reporter covering the software giant when it hired Satya Nadella in 2014. But, everyone else has already done that and, frankly, there’s a more pressing financial topic for us to parse. Let’s take...

Chinese electric vehicle maker Nio set a record for quarterly vehicle deliveries despite disruptions due to the Covid-19 outbreak, sending its shares soaring 16.6% to $9.23 in premarket trading.Why it matters: Amid an extended slump in China’s EV market, Nio is accelerating into the fast...

While China’s overall auto sales have rebounded strongly following the Covid-19 outbreak, the electric vehicle market cratered with a double-digit decline in May.New energy vehicles (NEV) sales dropped 23.5% year on year to 82,000 units in May, according to figures from the China Association...

Registered capital for electric vehicle maker Nio swelled to RMB 3.85 billion (around $540 million) from a mere RMB 11 million on Tuesday, in a sign that the company’s fortunes are finally turning around after a bailout deal in April worth RMB 7 billion.Why it matters: Just a few months ago,...

On Sunday night, Nio founder and CEO, William Li, appeared on the livestream of Wang Han, a famous TV personality, in front of 20 million people. As part of the sponsored appearance, Li introduced Wang to Nio’s ES6 SUV during his 40 minutes. Over 5,000 people signed up for a test drive and 320...

Chinese electric vehicle startup Nio has secured a $1 billion investment from several state-owned companies in Hefei in return for agreeing to establish headquarters in the city’s economic development hotspot and giving up a stake in one of its business units. The injection of capital comes from...

INSIGHTS | Nio lives!

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The bailout of Nio is just the tip of the iceberg and recent policy changes could foreshadow renewed government support going...