Nio (NIO) launches partnership with Tibber
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BYD extends market lead in China after posting 4Q profit jump
March 29, 2023 9:24 AM EDTWang 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
Nio (NIO) begins trial operation of high-speed EV battery swap stations
March 28, 2023 8:00 AM EDTChinese 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
Nio (NIO) signs 5yr deal with Wencan Group
March 27, 2023 2:09 PM EDTAccording 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
UBS survey shows slowing pace of EV sector
March 24, 2023 7:38 AM EDTUBS 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
