Nio and Xpeng both had 1,300 insurance registrations in China last week, according to data shared by Li Auto.
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Nio CEO William Li told CnEVPost last month that every RMB 50,000 drop in the price of lithium carbonate would result in roughly a 1.5 percent improvement in gross margin for the company.
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Nio swapped 30 million batteries in five and half years.
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Nio took four years to deliver its first 10 million battery swap service and nine months to achieve its second 10 million. Its third 10 million service took six months.
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The new GM, Nicolas Vincelot, moved to Paris after 2.5 years at Nio's Shanghai HQ.
The post Nio France launch is imminent as the company opens a local office and hires a General manager appeared first on CarNewsChina.com.
Although Nio's battery swap stations along highways provide four times as many services as on normal days, the length of a single service is still under 12 minutes.
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Four lower-priced models of Nio now see wait times of 2-3 weeks, with the flagship SUV ES8 also shortened from 5-6 weeks to 4-5 weeks.
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Geely's Smart scored the highest growth among all brands in Germany: +137%.
The post China’s EV registrations in Germany: Smart 819, BYD 196, Nio 80 (September) appeared first on CarNewsChina.com.
Nio entered four EU markets a year ago on October 7, 2022.
The post Nio to celebrate first anniversary on the EU market on October 7 appeared first on CarNewsChina.com.
The cumulative delivery volume of Q3 was 55,432 vehicles, in line with the company delivery guidance for Q3 of 55,000 – 57,000 vehicles.
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