Nio (NIO) launches partnership with Tibber
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March 29, 2023 9:24 AM EDT
Wang Chuanfu, Chairman of Chinese electric automaker BYD, told reporters in Hong Kong Wednesday that the company is large enough to shake off the impact of a bruising price war and faltering demand in China, after reporting an 11-fold increase in fourth-quarter profit.
The strong result came as... More
March 28, 2023 8:00 AM EDT
Chinese electric vehicle company, Nio Inc. (NYSE: NIO) began trial operation of its faster, more efficient battery swapping stations in China on Tuesday in the companys push to make battery swapping a viable alternative to rapid-charging technology.
Nio's new Power Swap Station 3.0 holds the capacity to store up to 21 battery packs each... More
March 27, 2023 2:09 PM EDT
According to a report by CnEVPost over the weekend, Chinese electric vehicle maker, Nio (NYSE: NIO) has entered into a strategic partnership with one-piece die-casting parts supplier Wencan Group.
According to the report, the two companies will collaborate on supply, low carbon, digitalization, and globalization to... More
March 24, 2023 7:38 AM EDT
UBS conducted the seventh wave of its annual UBS Evidence Lab EV consumer survey with results showing 46% of consumers are likely to consider buying a fully electric car (BEV), a 3%-pts decrease y/y, marking the first sequential decline since the surveys inception in 2016. Analyst Patrick Hummel believes that the decline was driven by European markets on affordability concerns.
Hummel wrote in a note, While we... More
