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...
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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...
Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today.Chinese auto maker Li Auto raised $1.1 billion in an IPO on Nasdaq on Thursday, valuing the five-year-old electric vehicle maker at around $10 billion. The...
Trade tensions between China and the U.S. have not stopped Chinese companies from eyeing to list on American stock exchanges. Li Auto, a five-year-old Chinese electric vehicle startup, raised $1.1 billion through its debut on Nasdaq on Thursday. The Beijing-based company is targeting a growing...
Earlier today, news broke that Xpeng, a China-based electric vehicle company has raised $500 million, adding to its 2019-era $400 million Series C. The round, a Series C+ investment, brings the company’s capital raised to date to around $2.2 billion. Xpeng’s huge fundraise comes on the heels of...
Share prices of electric vehicle makers zoomed on Monday despite little news beyond last week’s impressive quarterly results from leading players Tesla and Nio.The stock of Tesla, which said last week that it had delivered almost 91,000 vehicles in the second quarter, jumped 10% in midday...
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...
Remember Daniel Abt? The Formula E driver was disgraced after secretly subbing in an 18-year-old esports professional during a virtual 'Race at Home Challenge.' Abt was suspended from the competition, ordered to make a 10,000 euro (roughly $11,279)...
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,...
Shares of Nio decreased 8.2% to $3.83 by market close on Thursday, after the company reported a mixed first quarter with revenues that slumped more than half from a previous quarter, and yet slightly beat analysts’ expectations with a narrowed loss.However, the company says they expect...
Shares of Nio decreased 8.2% to $3.83 by market close on Thursday, after the company reported a mixed first quarter with revenues that slumped more than half from a previous quarter, and yet slightly beat analysts’ expectations with a narrowed loss.However, the company says they expect...
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...
Nio now can really go toe-to-toe with Tesla, the absolute leader in the market, and enhance its opporuntinities for more...
China’s latest adjustment for EV buying is expected to force Tesla into making tough choices: margins or market...
After nearly coming to a halt during Covid-19 lockdown, China’s EV sales are showing early signs of recovery in March, led by Nio and...
Nio and other EV makers in China have moved the battlefield from car showrooms to EV livestreams in a bid for customers'...
The move comes as Beijing pushes a new round of technology investment initiative with focuses on 5G networks, data centers and EV...
The world biggest EV market is now being on the mend with Tesla playing a growing...
The Q1 performance of Nio was a big relief for investors and eased concerns over fallout from the recent Luckin...
Executive departures at Tesla rival Nio are speeding up again, as the EV maker undergoes another round of restructuring in a bid to reach...
The bailout of Nio is just the tip of the iceberg and recent policy changes could foreshadow renewed government support going...
A pending deal with the government of Hefei to inject a reported RMB 10 billion could buy Nio time to fulfill its founder's...
Nio, like many of its peers, saw heavy losses in February on both weak demand and competition from Tesla, but managed to outperform the wider EV...
EV maker Nio has used convertible bonds to raise a total $435 million in two separate rounds from four Asia-based funds this year...
The Hefei government expects the investment in Nio will total more than RMB 10 billion ($1.4 billion) over the next five...
The draw-down from what had once been its third-largest institutional shareholder shows the uphill battle Nio still faces in attracting...
Nio warned of a drop in production and deliveries in February as a result of the coronavirus outbreak after two consecutive months of rising...