NIO Inc. Announces Appointment of Independent Director

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Global EV sales show continued strength, China sees record numbers despite ending subsidy

November 14, 2023 9:03 AM EST

Electric vehicle sales globally remain strong, as indicated by China's record-breaking monthly sales in October, despite the discontinuation of subsidies, according to Rho Motion, a market research firm.

Even as China terminated an 11-year subsidy program for EV purchases in 2022, certain local authorities have continued to provide support such as aid, tax rebates, and consumer subsidies to incentivize investments.

In September, EV sales in... More

NIO (NIO) appoints new independent director

November 13, 2023 10:29 AM EST

Chinese electric vehicle maker, NIO Inc. (NYSE: NIO) announced Monday that the company has appointed Professor Yonggang Wen as a new independent director to the board of directors, effective November 13th.

We are delighted to welcome Professor Wen to the Board of NIO. Said CEO, William Bin... More