Nio Inc is a pioneering electric vehicle (EV) manufacturer based in China, specializing in the design, manufacture, and sale of high-performance smart electric vehicles
The company is renowned for its innovative approach to automotive technology, incorporating advanced features such as artificial intelligence and autonomous driving capabilities into its vehicles. Nio also emphasizes a customer-centric experience, offering services such as battery-as-a-service, enabling users to swap out depleted batteries for fully charged ones at designated stations. Through its commitment to sustainability and innovation, Nio aims to redefine the future of mobility in the global auto industry.
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The United States General Services Administration (GSA) has begun shutting down its battery electric vehicle (BEV) chargers after the Trump administration instructed states to stop using federal funds to build public EV chargers. Tasked with managing federal government-owned buildings, the GSA has declared that EV chargers are ‘non mission critical’ and is actively closing hundreds of EV chargers across the country.
U.S.-listed Chinese stocks trading higher in premarket on Friday as Chinese companies raise funds overseas and Alibaba reports strong quarterly results. Alibaba also plans to increase investments in Cloud and AI. Appaloosa Management's David Tepper bets big on Chinese stocks.
NIO shares are up in premarket trading after reportedly revealing the Onvo L90 SUV and a breakthrough in aluminum alloy technology for EV manufacturing.
U.S. President Donald Trump has announced his intention to impose a 25% tariff on auto imports, alongside chips and pharmaceuticals, causing a stir in international trade.
Elon Musk said that Tesla’s future lies in two innovations: autonomous vehicles, and autonomous humanoid robots. While the robots could be huge, they are still years away. What I’m interested in are autonomous vehicles.
NIO reportedly announced breakthrough in aluminum alloy technology. The company faced strong demand for its battery swap services during the Chinese New Year holiday.
