Chinese electric vehicle maker NIO is looking for talent for its battery-making operations. Two executives from Apple and Panasonic have joined the company.
With the gradual economic recovery in China following the Spring Festival holiday and the COVID-19 outbreaks, electric vehicle sales showed growth in February.
At the 2023 NIO Battery Partner Forum held on February 24, the Chinese electric vehicle maker announced the commencement of construction of the first phase of its subsidiary industrial base in Hefei, Anhui Province.
Alpine, a sub-brand of Chinese electric vehicle maker NIO aimed at consumers with a budget between 200,000 yuan ($29,019) and 300,000 yuan ($43,528), will be rolled out through new sales channels.
Chinese electric vehicle maker NIO's new factory will be located in Chuzhou Economic Development Zone, Anhui Province, a province in the East of China, to produce EV models from the company's third brand.
On February 20, Newrizon, a smart new energy commercial vehicle company in China, announced that it had received a Series B+ round financing of over 100 million yuan ($14.6 million) from NIO Capital.
Chinese battery giant CATL is taking the initiative to implement a battery price reduction plan for key car companies, and put forward a price reduction requirement of about 10% to its raw material suppliers.
An accident involving a NIO vehicle in Shanghai has led to one death and one serious injury, sparking much discussion on Chinese social media. The electric vehicle suddenly accelerated onto the sidewalk during a prospective buyer's test drive.
Chinese electric vehicle maker NIO began reducing its prices recently, starting with the ES6, ES8, and ES7 models. This promotion plan was first announced at the company's regular meeting on the morning of February 1.
Many Chinese electric vehicle manufacturers published their first performance reports of the new year on February 1. Affected by the recent Spring Festival holiday, delivery figures in January were generally unsatisfactory.
On January 28, the first official working day following China's Spring Festival period, He Xiaopeng, Chairman and CEO of electric vehicle firm XPeng, issued an internal letter to all employees in which he briefly reviewed the previous year and put forward new plans for 2023.
Danilo Teobaldi has stepped down as vice president of automotive engineering for NIO, transferring to become the firm's chief engineer in Europe. Meanwhile, Zhou Xin, NIO's Executive Vice President and Chairman of Product Committee, will take over the post.
On January 17, Chinese battery giant CATL and global leader in applied safety science UL Solutions announced a new MOU for strategic cooperation to help create safer deployment and use of battery energy storage systems (BESS) and electric vehicle batteries.
NIO Capital will invest tens of millions of US dollars in electric vehicle startup Zhixing. William Li, the founder and chairman of NIO, once said internally that incubating this project is the firm's "strategic layout in specific market segments."
2022 was a turbulent year for the Chinese electric vehicle industry. William Li, Chairman and CEO of NIO, sent a letter to all employees on the first day of the new year, listing eight problems that need to be settled.
Li Auto, a Chinese electric vehicle company, delivered 21,233 new cars in December of last year, an increase of 50.7% year-on-year. Now, the firm expects that the monthly delivery volumes in 2023 may hit 40,000 units.
The third-generation battery swap station and 500kW ultra-fast chargers of Chinese new energy vehicle firm NIO will be deployed in March of this year. The firm also intends to build over 1,700 battery swap stations and over 20,000 power chargers in China.
As the new year commences, China's top electric vehicle manufacturers have been announcing their delivery volume for the final month and entire year of 2022, a challenging period marked by repeated pandemic-induced lockdowns and supply chain shortages.
On December 30, the 20th Guangzhou International Automobile Exhibition officially opened and attracted many car companies that hope to stimulate consumers' enthusiasm for buying cars during the New Year's Day holiday.
Chinese electric vehicle maker NIO announced on December 27 that due to skyrocketing COVID-19 cases across the country, the company now estimates that 38,500 to 39,500 vehicles will be delivered in the fourth quarter of this year.