China's Nio to launch first mobile phone in Sept to boost appeal of EV

Chinese EV rivals shine in August, Li Auto (LI) hits record sales

Teslas (NASDAQ: TSLA) Chinese rivals reported impressive August delivery numbers on Friday with Li Auto (NASDAQ: LI) achieving an all-time high in sales. XPeng (XPEV) reported its strongest month in over a year, while Nio (NYSE: NIO) came close to achieving a new delivery record.

Li Auto (LI)

Li Auto recorded a 2.3% increase in deliveries, with 34,914 vehicles delivered in August compared to the previous record of 34,134 vehicles in July and an astonishing 664% surge... More

Mizuho cuts price target on Nio (NIO) while raising delivery estimates

Mizuho reiterated a Buy rating on Nio Inc. (NYSE: NIO) but cut their 12-month price target on the stock to $18.00 (From $20.00) after the Chinese electric automaker reported its 2Q earnings report.

NIO reported 2Q revenues of RMB 8.77B, missing the consensus estimate of RMB 9.51B. Deliveries for the quarter were down 24% compared to the first 3 months of the year. However, management... More

SunCar (SDA) renews service agreement with Nio (NIO) for 1 year

Chinese digital automotive after-sales service provider, SunCar Technology (NASDAQ: SDA) announced today that it has renewed its one-year insurance intermediation service agreement with electric automaker, Nio Inc. (NYSE: NIO).

We have witnessed strong growth momentum for NEVs in... More

Nio (NIO) to launch mobile phone in September

Nio Inc. (NYSE: NIO), the Chinese electric vehicle manufacturer, has announced its intentions to introduce its first self-designed mobile phone in late September. The company aims to enhance the allure of its vehicles by offering improved software and connectivity through this new venture.

"Our phone business is not to compete with those phone makers," CEO William Li told investors.

Li, the founder and of Nio, played a pivotal role in spearheading the phone initiative,... More