Nio Inc.’s Annual Loss Widens as Fierce Competition Erodes Market Share Nio Inc.’s Annual Loss Widens as Fierce Competition Erodes Market Share Shanghai-based EV Maker Reports Net Loss of 5.4 Billion Yuan in Q4 (Bloomberg) — Nio Inc., the Chinese electric-vehicle (EV) maker, experienced a significant increase in its annual loss in 2023 due to … Read more
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The video shows the ET9 shaking the snow off its body in just a few seconds, just like dogs do. This feature is a product of the $112,000 ET9’s intelligent chassis system known as “SkyRide.” This system integrates the electric steering control system, rear wheel steering and fully active suspension to ensure smooth rides even … Read more
The automotive industry has been talking about a revolutionary battery with a solid electrolyte for a long time, but no car company has yet managed to start mass production of electric cars equipped in this way. In contrast to today’s predominant battery technology, which contains an electrolyte in the form of a liquid or gel, … Read more
He said that the Firefly and Alps brands will produce cars for families, with the former brand’s models being smaller. The president of the Chinese company did not provide details about the prices, Reuters wrote. Chinese electric car manufacturers are expanding in the European market, while the wave of interest in electric cars is waning … Read more
As of Monday, June 12, Nio has reduced prices by 30,000 yuan (almost 93,000 crowns) for all models, including its redesigned sport-utility vehicles (SUVs) ES6 and ES8. This represents a discount of six to nine percent. The company will also no longer provide free battery replacement services to buyers who make a deposit on or … Read more
NEW YORK Market participants are apparently optimistic that the US Federal Reserve will not raise interest rates further on Wednesday, commented analyst Edward Moya from broker Oanda. After ten increases in a row, bank economists are now also expecting a monetary policy pause due to the cooling economy and the trend towards falling inflation. Another … Read more
The price war in China was started by the American Tesla, and more than 40 brands, including Volkswagen, joined it in the Chinese market. Starting today, Nio will cut prices by 30,000 yuan (almost 93,000 CZK) for all models, including its redesigned sport-utility vehicles (SUVs) ES6 and ES8. This represents a discount of six to … Read more
The share of Chinese brands in European markets was almost ten percent last year, almost double year-on-year, as calculated by the French consulting company Inovev. They sold over 152,000 cars in Europe, hundreds of which were also bought by Czechs. Among the most successful exporters is MG, a formerly famous British manufacturer that was taken … Read more
Jakarta – Audi brought electric car manufacturer from China, Nio to court. The problem is that the names Nio uses on the ES6 and ES8 are too similar to those of the Audi S6 and S8 models. quoted automobile weekThursday (26/1/2023) Audi initially sued NIO in 2021 over the protection of the S6 and S8 … Read more
The electric car company Tesla has long been an investor favorite and one of the big winners on Wall Street, and only 15 months ago the company was valued at over 1,000 billion dollars. The share price collapsed during the course of last year, and in the last year the share is down 65 percent … Read more