Innovusion plans to issue up to 21,382,252 ordinary shares and list them on the Nasdaq exchange, according to an announcement from China's securities regulator.
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Nio's effective pricing adjustments and more models offered to the market have driven solid sales, BofA said.
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Mavel, founded in Italy in 1999, will be a supplier of core components for Nio's next-generation platform, Nio Capital said.
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Nio's William Li said the Nio phone is about providing a better digital key experience for car owners, and this article explains how.
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The ES6's contribution to Nio deliveries has continued to improve over the past three months, reaching 54.33 percent in July.
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Lynk & Co unveils 08 SUV pricing, GAC announces AI large model platform, NIO dismisses Mercedes-Benz cooperation rumors, BYD's Fang Cheng Bao Leopard 5 spotted without camouflage.
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Insurance registrations in China last week were 44,300 for BYD vehicles and 12,800 for Tesla.
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Last week, William Li accompanied several foreigners on a tour of a battery swap station, sparking a new round of rumors that Nio and Mercedes-Benz had entered into a partnership.
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WeLion aims to grow revenue 20-fold to RMB 10 billion by 2025, company founder Li Hong said in a recent Bloomberg interview.
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The Nio phone that appeared in a benchmarking database is powered by a Qualcomm Snapdragon 8 Gen 2 SoC with 12 GB of RAM and 1 TB of storage.
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