The spin-off could take place as early as the end of this year, after which the battery unit will seek external investors, according to Reuters.
The post Nio to spin off its battery production unit, report says appeared first on CnEVPost.
For more articles, please visit CnEVPost.
With full control over all core processes of vehicle production, Nio will be able to improve its manufacturing efficiency and have more leverage in the fierce competition.
The post New report reveals reasons behind Nio's acquisition of JAC plant assets appeared first on CnEVPost.
For more articles, please visit CnEVPost.
Nio will unveil a new flagship model at Nio Day 2023 that will feature many world's leading technologies, William Li said earlier today.
The post Nio Day 2023 to be held on Dec 23 in northwest Chinese city Xi'an appeared first on CnEVPost.
For more articles, please visit CnEVPost.
Nio reported third-quarter results that were results largely as previewed and gave a better-than-feared outlook for the fourth quarter, said Edison Yu's team.
The post Nio Q3 earnings: Deutsche Bank's 1st look appeared first on CnEVPost.
For more articles, please visit CnEVPost.
Nio Day 2023 will be held on December 23 in Xi'an, Shaanxi province, Northwest China, where Nio will unveil a new flagship model.
The post Nio Q3 earnings call: Live updates appeared first on CnEVPost.
For more articles, please visit CnEVPost.
Nio (NYSE: NIO) reported third-quarter revenue of RMB 19.07 billion, up 46.64 percent year-on-year and 117.36 percent from the second quarter.
The post Nio posts Q3 revenue of $2.6 billion, up 117.36% from Q2 appeared first on CnEVPost.
For more articles, please visit CnEVPost.
Nio said it will acquire the manufacturing equipment and assets of the F1 and F2 plants from JAC for a total consideration of about RMB 3.16 billion.
The post BREAKING: Nio buys plant assets sold by JAC for $442 million appeared first on CnEVPost.
For more articles, please visit CnEVPost.
For the week of November 27 to December 3, BYD's vehicle insurance registrations in China were 56,200 units.
The post China EV insurance registrations for week ending Dec 3: Nio 3,700, Xpeng 4,800, Li Auto 9,600, Tesla 17,600 appeared first on CnEVPost.
For more articles, please visit CnEVPost.
As demand in the power and energy storage battery markets cools, cell makers have adjusted their capacity utilization rates downward to reduce inventory.
The post Some battery makers in China to be forced to cut or halt production due to lack of orders, says TrendForce appeared first on CnEVPost.
For more articles, please visit CnEVPost.
Tesla sold 82,432 China-made vehicles in November, up 14.31 percent from 72,115 in October, ending the previous two months of sequential declines.
The post Tesla sells 82,432 China-made vehicles in Nov, up 14.31% from Oct appeared first on CnEVPost.
For more articles, please visit CnEVPost.