TOPIC

/ company

Nio

Unprofitable Chinese EV makers face ‘do-or-die moment’

Only those that can sustain operations without external funding will stay in the race amid overcapacity and tariff woes, analysts say.

22 Nov 2024 - 8:30AMvideocam

Xiaomi CEO Lei Jun marks 100,000 EV milestone with homage to Tesla’s Elon Musk

13 Nov 2024 - 8:27PM

China’s tech firms fear bigger curbs as TSMC stops AI chip supply

12 Nov 2024 - 9:29PM

EV review: Nio’s ET7 rivals Germany’s best in some ways, at lower price

The sedan offers a swappable battery and luxurious interior materials, but falls short of some domestic rivals when it comes to self-driving.

3 Nov 2024 - 11:30AMvideocam

Transformers: the rise of smartphone makers in China’s EV arena

Thanks to an advanced supply chain, companies with no history making cars are challenging for supremacy in China’s EV market.

26 Oct 2024 - 11:30AM

China EVs: extended range hybrids are a new favourite among Chinese car buyers

Once shunned by EV makers, extended range technology is booming as consumers look to overcome ‘range anxiety’.

20 Oct 2024 - 3:00PMvideocam

When it comes to EVs, Chinese consumers are spoiled for choice

Extended range, autonomous driving, sofas, refrigerators … BYD, Li Auto, Xpeng, Geely, Nio and others tick all the boxes in their pursuit of consumers.

19 Oct 2024 - 4:35PM

Opinion | What truly drives China’s breakneck innovation (it’s not subsidies)

China’s success lies in its user-centric focus and ability to micro-innovate quickly and scale up in a vast, fiercely competitive market.

9 Oct 2024 - 4:30PMvideocam

Opinion | Why China’s EV start-ups can now breathe a little easier

Despite funding gaps and price wars, EV newcomers may have been thrown a lifeline by Beijing’s economic stimulus, if it reignites investor interest.

4 Oct 2024 - 8:30PMvideocam

5 Chinese EV makers set monthly sales records as discounts draw buyers

BYD, Li Auto, Xpeng, Zeekr and Leapmotor posted new monthly delivery records in September as new models and promotions proved enticing.

2 Oct 2024 - 9:26AM

Employees work on an EV production line at a Leapmotor factory in Jinhua, in China’s eastern Zhejiang province, on September 18, 2024. Photo: AFP

Unit of Chinese EV maker Nio gets US$471 million in fresh funding

Subsidiary receives US$471 million from a consortium of investors backed by the government of Hefei in Anhui province, where Nio has two factories.

29 Sep 2024 - 7:07PM

Opinion | How Chinese EV makers can survive and thrive in Europe

China can produce affordable EVs for the world if executives adapt their management practices to fit with European cultural norms and regulations.

27 Sep 2024 - 6:00AMvideocam

At 17% cheaper, Nio’s Onvo SUV to rival Tesla’s market-leading Model Y in China

New models have continued to chip away at Model Y’s dominance on the mainland, where deliveries slumped 17 per cent this year through July.

19 Sep 2024 - 11:03PMvideocam

Nio forecasts record EV sales on demand outlook as China doubles cash subsidies

Shanghai-based EV maker Nio trimmed losses in the second quarter while vehicle margin swelled.

5 Sep 2024 - 8:59PMvideocam

Co-founder and CEO William Li launches the refreshed ET7 at the Beijing Auto Show in April 2024. Photo: Handout.

A 6-seat Model Y? Tesla to produce new variant for China market in 2025

A revamped Model Y, due in 2025, is expected to take on Li Auto’s L8 and L9 large-size SUVs, which have won over thousands of rich families in mainland China.

5 Sep 2024 - 6:08AMvideocam

Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany in March 2022. Photo: Reuters

China EVs: Leapmotor, Xpeng set the pace in August, while Li Auto and Nio stumble

Stellantis-backed Leapmotor hit record sales last month, while others like Li Auto and Nio struggle amid fierce competition and price war.

25 Sep 2024 - 2:29PMvideocam

Xpeng’s keenly priced Mona 03 EV is targeted at market leader BYD

The M03 compact sedan, which is equipped with an advanced driving assistance system and has a range of 515km, starts from 119,800 yuan (US$16,812).

25 Sep 2024 - 2:40PMvideocam

China’s EV makers sell more vehicles at bigger losses in discount war

EVs account for more than half of new car sales in mainland China, but brands including Xpeng, Zeekr, Leapmotor and Xiaomi face a long road to profitability.

25 Sep 2024 - 2:46PM

EVs take shape on a production line of Chery Automobile in Wuhu, Anhui province, China, on July 29, 2024. Photo: Reuters

Chinese EV maker Xpeng forecasts minimum 35% jump in sales

The Guangzhou-based company, reporting a narrower loss for the second quarter amid 25 per cent revenue growth, cited investments in technology for its bullish outlook.

25 Sep 2024 - 2:44PM

Chinese EV maker Nio to amp up battery-swap network

The company will add 900 swap stations this year that promise to get drivers back on the road in 2.5 minutes. However, advanced batteries are eating into the approach’s time advantage.

20 Aug 2024 - 7:04PM

China’s EV sales cruise along, while price war pushes profits further off for most

Li Auto and Geely’s Zeekr turned in the strongest growth in July, while Xpeng and Nio delivered more modest increases.

25 Sep 2024 - 2:50PM

Employees work on an assembly line of Li Auto in Changzhou, in eastern China’s Jiangsu province. Photo: AFP

Chinese EV maker Nio launches second-generation smartphone to boost its appeal

The Nio Phone has enhanced technological capabilities, allowing owners to have a better car-driving experience, co-founder and CEO William Li says.

28 Jul 2024 - 11:57AM

The new Nio Phone was launched at the carmaker’s Nio In 2024 Tech Day event on Saturday, at a starting price of 6,499 yuan. Photo: Nio

China’s Xpeng, Volkswagen further ties to develop new EV models, technologies

Volkswagen Group strengthens ties with Xpeng with a deal to develop systems that enhance intelligent driving abilities.

22 Jul 2024 - 4:45PM

Chinese EV makers Li Auto, Xpeng and Nio ride discounts to solid sales growth

Nio, BYD and Zeekr all reported record sales in June, while Li Auto just missed a record, but analysts said the reliance on discounts clouds the profitability forecast.

25 Sep 2024 - 2:52PM

Chinese carmakers look to live streaming to shake stuffy image

The more recent development is the greater personalisation of live streaming, often featuring auto executives taking part in long road trips.

24 Jun 2024 - 6:30PM

Xiaomi’s founder Lei Jun during the launch of the electronics maker’s SU7 fully electric sedan in Beijing on March 28, 2024. Photo: AP

Chinese maker of semi-solid EV batteries reports delivery jump

Deliveries by Beijing WeLion rose 31 per cent in May as backer Nio and other EV makers push vehicle ranges towards 1,000km on a charge.

27 Sep 2024 - 10:36AMvideocam

William Li, CEO of Chinese EV maker Nio, stands next to the company’s ET7 model during an interview at the Beijing Auto Show on April 25, 2024. Photo: AFP

Overseas price wars will sow doubts over quality of Chinese EVs, Bain warns

Bain advises Chinese assemblers, which already enjoy a cost advantage, to focus on premium models when building their global image, rather than selling cheaper cars to lure budget-conscious consumers.

25 Sep 2024 - 2:51PMvideocam

Xpeng unveils Mona EV brand with eye on China’s budget-conscious buyers, BYD

The Guangzhou-based carmaker will officially launch the M03 EV and development strategy for the brand at an official ceremony late next month.

11 Jun 2024 - 9:00PM

Help preserve 120 years of quality journalism.

SUPPORT NOW

Nio

Nio builds premium electric vehicles in China. The company’s EVs feature swappable batteries that allow drivers to get back on the road minutes after pulling into battery-swap stations. It has signed partnership agreements with other carmakers, Zhejiang Geely and Changan Automobile, to build cars with the technology and expand the country’s network of swap stations. It operates two plants, both in Hefei, the capital of Anhui province.

Chairman / President

Li Bin

CEO / Managing Director