Nio, which was founded on November 25, 2014, is starting multi-brand operations, having already launched the Onvo sub-brand and will launch the Firefly brand next month.
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Category: Nio
A Nio executive has denied a rumor that the company will be acquired by BYD, after the fake information circulated widely on social media.
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Deutsche Bank raised its sales forecast for Nio Inc in 2025, using the same 450,000 full-year 2025 sales assumption as the company's guidance.
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Firefly is positioned in the boutique compact car market and leverages existing sales channels to drive growth, Nio said in a statement.
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This article is a live update of the main takeaways from Nio's third-quarter 2024 earnings call.
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Nio's net loss was essentially flat in the third quarter compared to the second quarter, and gross margins improved to 10.7 percent.
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Li Auto had 12,300 insurance registrations last week, Xpeng 6,300, Zeekr 6,000, Leapmotor 8,500 and Aito 7,200.
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Chinese customers who currently buy the Onvo L60 are expected to get deliveries 10-14 weeks after locking in their orders, down from 12-16 weeks previously.
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The ES6 remains the largest contributor to Nio Inc's deliveries until Onvo L60 capacity is significantly ramped up.
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