Articles Tagged with "NIO"

NIO-branded new model code-named ‘Gemini’ to be launched next year
NIO-branded new model code-named ‘Gemini’ to be launched next year

Last month, a report saying NIO would launch an entry-level vehicle model code-named “Gemini”. In response to the report, Qin Lihong, co-founder of NIO, recently said the “Gemini” is a new vehicle the startup plans to launch next year.

Jun. 7 , 2021
NIO sees May deliveries shoot up 95.3% year on year
NIO sees May deliveries shoot up 95.3% year on year

NIO delivered 6,711 vehicles in May 2021, representing an impressive 95.3% year-over-year growth, the EV startup announced on June 1. The vehicles delivered last month consisted of 1,412 ES8s, 3,017 ES6s, and 2,282 EC6s.

Jun. 1 , 2021
NIO-backed power technology company founded in Hefei
NIO-backed power technology company founded in Hefei

XPT Limited, an affiliated company of Chinese EV startup NIO, recently founded a power technology subsidiary in Hefei, the capital of Anhui province, where NIO China is headquartered.

May 31 , 2021
NIO announces strategy for market entry into Norway
NIO announces strategy for market entry into Norway

On May 6, NIO formally announced its market entry into Norway, signaling the beginning of its overseas onslaught.

May 6 , 2021
NIO gains 21.2% vehicle margin in Q1 2021
NIO gains 21.2% vehicle margin in Q1 2021

For the first quarter of 2021, NIO’s vehicle margin rose to 21.2% from negative 7.4% for the prior-year period mainly driven by higher deliveries and solid average selling price, and the gross margin also grew to 19.5%.

Apr. 30 , 2021