Nio (NIO) teams with Geely to advance battery swapping in EVs
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Nio Inc. (NIO) reports deliveries of just under 16k units in November
December 1, 2023 10:40 AM ESTChinas NIO Inc. (NYSE: NIO), a prominent player in the high-end smart electric vehicle sector, released its November 2023 delivery figures on Friday.
In November 2023, NIO achieved a delivery milestone of 15,959 vehicles, marking a 12.6% increase compared to the previous year.
Among these deliveries were... More
Mercedes-Benz teams with BMW to expand EV charging in China
November 30, 2023 9:29 AM ESTGerman automaker, Mercedes-Benz disclosed Thursday its successful negotiation with BMW to establish a collaborative partnership to focus on a robust charging network for high-powered electric vehicles in China.
The company, in its statement, outlined plans to install a minimum of 1,000 high-power charging stations, adding around 7,000 charging points across... More
Chinese EV maker Zeekr delays U.S. IPO
November 30, 2023 8:51 AM ESTAccording to sources familiar with the matter, Zeekr, a high-end electric vehicle (EV) label under the Chinese automotive giant Geely, has put their planned U.S. initial public offering (IPO) on hold due to differing valuation expectations.
Amidst shaky global financial markets, a third source mentioned that the decision to delay the IPO was due to the volatility. None of the sources agreed to be identified as the info hasn't been made public yet.
Zeekr, which recently filed for a prospectus to list shares in New York, expected to retain... More
China's Nio teams up with Geely on auto battery swapping
November 29, 2023 12:17 AM ESTBEIJING (Reuters) - Chinese automakers Nio and Zhejiang Geely Holding Group said on Wednesday they had signed a strategic partnership agreement on battery swapping that would see them work together on standards, technology and model development.
The deal makes Geely, whose brands range from Volvo to Zeekr, the second automaker to sign a battery swapping partnership with Chinese electric vehicle maker Nio.
Nio, which has been looking to lower costs, announced a tie-up with Changan Automobile last... More
Britain seeking auto investments from Chinese carmakers
November 27, 2023 1:42 PM ESTBritish investment Minister, Dominic Johnson revealed Monday his efforts to attract Chinese car manufacturers to invest in the country. He emphasized the significance of Chinese investment in achieving environmental goals.
During a foreign direct investment summit held at Hampton Court Palace on Monday, British investment minister Dominic Johnson highlighted that commercial negotiations could proceed independently alongside political... More
