News

M&A News: Nio Looking to Sell Controlling Stake in Battery Swapping Unit
Chinese battery giant CATL is reportedly in talks to acquire a controlling stake in Nio Power, the battery swapping unit of ...
NIO or Li Auto: Which Chinese EV Maker Has an Edge Now?
Li Auto leads with strong margins, sales and AV progress. NIO bets big on battery swaps but its unprofitability status is a ...
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China's Nio plans to outshine the S-Class with new electric limo
The number of cars Nio has put on the roads in Europe is small but their ambitions are all the greater for it. Ten years ...
CATL in talks to buy controlling stake in Nio's power unit, sources say
Chinese battery giant CATL is in talks to buy a controlling stake in electric vehicle maker Nio's power unit, which runs more ...
Nio Stock (NIO) Plummets as Chinese EV Competition Heats Up
Nio’s (NIO) stock has hit turbulent waters, dropping 20.64% year-to-date. The Chinese electric vehicle maker reported a ...
From BYD to Nio, Chinese EV makers power ahead thanks to subsidies and tax incentives
At present, buyers of EVs for replacement purposes are eligible to receive a government trade-in subsidy of 20,000 yuan, while those buying petrol-powered cars receive only 15,000 yuan. Mainland EV ...
McLaren set to go electric as part of Forseven merger
Forseven CEO Nick Collins, who was formerly executive director of vehicle programmes at JLR, becomes CEO of the new business.