Nio's Founder and CEO, William Li, anticipates direct competition between Nio's subbrand Onvo and Li Auto, a Chinese hybrid manufacturer set to launch its second fully electric model in the first half of next year.
Xiaomi CEO Lei Jun and a delegation of top executives from the technology giant made a strategic visit to Nio's headquarters in Shanghai on Monday, leveraging the opportunity to acquaint themselves with the latest addition to Nio's lineup, the Onvo L60 SUV.
JP Morgan analyst Nick Lai upgraded the firm's rating on Nio shares from Underweight to Neutral while raising the price target from $4.80 to $5.40.
On International Family Day, Nio officially unveiled its subbrand aimed at families. The subbrand is named Onvo and the pre-sale price of its first model, a mid-size family SUV, starts at 219,900 RMB, which is 30,000 RMB lower than the Tesla Model Y.
On Wednesday, as the world celebrates International Family Day, Nio is set to officially launch its subbrand Onvo, with a strong focus on families.
On Friday, an automotive blogger who claims to have seen the interior of the model shared an uncovered picture of it while describing the highlights of the technology and design. He expects Onvo to price its first model at "around 170,000 yuan with battery as a service".
Alan Tiecheng, a relatively unknown figure in the automotive industry, is about to draw significant attention. With just six days remaining before the official unveiling of Nio's new sub-brand Onvo, we delve into the career of the former Vice President of Marketing at Disney and General Manager for WeWork in China.
While celebrating the 500,000th car rolling off the production line in Hefei, China, Nio CEO shared on the Nio App that the first sub-brand Onvo will be unveiled on May 15.
Nio has been actively securing intellectual property rights in Australia since the early days of the brand. The first filing was under "NextEV," the company's former name, in 2016.
Some days after unveiling the 2024 facelift of Nio's sedan ET7 at the Beijing Auto Show , the CEO William Li flew to the United States for a 48 hour trip.
It's a common tradition for CEOs of Chinese automakers to visit competitors' booths, often introduced by the other company's CEO. This has been occurring over the years and the Beijing Auto Show was no exception.
Nio announced on Thursday the introduction of annual interest rate of 0 percent when ordering its most expensive sedan Nio ET7 while the entry-level SUV EL6 can now be leased from €599 per month, including Battery as a Service.
Morgan Stanley analyst Tim Hsiao released a new research note on Nio commenting the April delivery results and the upcoming sub brand Onvo. Morgan Stanley has a price target on Nio shares of $10 implying an upside potential of 112 percent as of the release of the note.
Shares of the battery electric vehicle (BEV) manufacturer Nio are surging over 11 percent on Wednesday following the report of strong deliveries in April and a new incentive from the Shanghai government to replace old cars with electric or hybrid ones.
Nio reported on Wednesday the delivery of ___ in April, an increase of ___ percent year over year. The electric vehicle (EV) manufacturer unveiled the new facelift of its sedan ET7 during the Beijing Auto Show featuring upgraded seats and two second-row screens. The deliveries of the revamped model started yesterday, on April 30.
In a media roundtable held at the Beijing Auto Show, Nio founders William Li and Lihong Qin revealed some updates on the 150kWh battery, partnerships on battery swap technology, and the upcoming sub-brand Onvo.
Nio Co-Founder Lihong Qin confirmed on Thursday during a media roundtable at the Beijing Auto Show the upcoming launch of the first sub-brand, Onvo, scheduled for mid-May.
The first model of Nio's first subbrand Onvo L60 — previously codenamed as Alps—was seen in new spy shots in China this Tuesday. The official brand launch was recently confirmed for May while L60's product launch is expected to happen in July.
