There has been an enormous amount of innovation in the EV battery sector in the past decade or so. Ten years ago, it might have been hard to believe how much better, more energy dense, cheaper, and more influential batteries have become. However, there’s still work to do. So many … [continued]
Quarterly Total Revenues reached RMB17,103.2 million (US$2,408.9 million)i Quarterly Vehicle Deliveries were 50,045 units Full Year Total Revenues reached RMB55,617.9 million (US$7,833.6 million) Full Year Vehicle Deliveries were 160,038 units SHANGHAI, China, March 05, 2024 — NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and … [continued]
Tesla’s recent conference call for investors was packed full of little nuggets, and some big nuggets. We covered the Tesla California factory being the biggest auto production facility in the USA, we covered the financials, we covered the $25,000 Tesla coming in 2025, we covered the stock tumbling, we covered … [continued]
In the last stage of the 2023 race, BYD had another record month, this time with 321,000 registrations. It again beat Tesla, which had 195,265 deliveries. Below the two galactics, the SGMW joint venture was 3rd in the last month of the year, thanks to a record 69,912 registrations. Three … [continued]
Who is winning in the young Chinese smart EV startup competition? It’s complicated. The funny thing is how similar NIO’s and XPeng’s growth charts look. Of course, there are clear differences too, but overall, their sales charts over the past four years look like close cousins. Starting with the yearly … [continued]
NIO had another strong year, with sales rising by 30.7% throughout the full year. The Chinese EV startup ended with 160,038 sales, up from 122,486 in 2022. These are impressive results in absolute, general terms, but they are extra impressive when you consider how hyper-competitive the Chinese EV market is, … [continued]
NIO held its NIO Day 2023 a few days ago. The first thing that stood out to me about the event was this picture: It looks like a Taylor Swift concert or something. According to the company, more than 10,000 people were at the event, which was held at the … [continued]
On October 4th, 2023, NIO received independent vehicle production qualification, and on the 5th of October, 2023, NIO announced it had bought the assets related to the JAC–NIO joint manufacturing facilities from JAC. This is a major milestone in NIO history as it becomes a fully-fledged auto manufacturer in China. … [continued]
NIO continues to grow in China. It may not be anywhere close to the sales of EV giants BYD and Tesla, but it’s growing. Its November sales were up 12.6%, and its sales throughout the first 11 months of the year were up 33.1%. In volume terms, NIO had 15,959 … [continued]
NIO is far and away the global leader in electric car battery swapping — right now and historically. It has rolled out rolled out 2,100 battery swap stations and has done 32 million battery swaps. Most of its battery swap stations are in China, but it also now has some … [continued]
