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Category: Nio

NIO is a Chinese automobile manufacturer headquartered in Shanghai, specializing in designing and developing electric vehicles.

NIO debuts the ET5 EV sedan with up to 1,000 km range

NIO ET5

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The ET5 draws heavily on the ET7 with a very familiar interior and interior design in a more compact form. In fact, most would be hard pressed to separate the two without taking out a tape measure. Nevertheless, Nio’s new entry-level EV is a sleek and modern looking car with clean lines and a drag coefficient as low as 0.24, depending on the model.

Speaking of dimensions, the ET5 measures 4,790mm (188.6 in.) long, 1,960mm (77.2 in.) wide and 1,499mm (59.0 in.) tall, while riding on a 2,888mm (113.7 in.) wheelbase. That means it has a slightly bigger footprint than Tesla’s Model 3 that’s 184.8 in. long, 72.8 in. wide and 56.4 in. tall with a 113.2 in. wheelbase.

Video below ⤵️

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Chinese EV maker Nio to expand into rapidly growing European market

NIO ES8

Nio recently opened a showroom in Norway dubbed Nio House as the first step in its expansion drive in the European Union. The CEO is taking a long term view of the rapidly expanding European market.

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In Norway, one in every four customers who test-drove a Nio bought the car, a higher proportion than in China, according to Li. Nio will be “in at least five European markets [in addition to Norway] by the end of 2022,” he said.

Chinese automakers are struggling to gain traction overseas. They lack the strong global brands of their Western and Japanese counterparts. Nio is taking on powerhouses like Tesla and covets a slice of the luxury car market. It is seeking to become a household name in Europe while the big global carmakers continue to hedge their bets on electric vehicles.

EV sales are ballooning in Europe. In the July to September quarter, they made up 12.7% of total new car sales in 18 major European markets, more than double the figure for the same period last year, which came to 6.1%, according to the European Automobile Manufacturers’ Association. The number of EVs sold during the period totalled 303,273, up 57% from a year earlier.

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Nearly half of Chinese consumers said they will consider buying an EV for their next car purchase

BYD

Evelyn Cheng, CNBC »

When it comes to their favorite electric car brand, Chinese consumers’ top choice is Warren Buffett-backed BYD, according to a survey by Bernstein.

Elon Musk’s Tesla ranks second, and third on the list is Germany’s Volkswagen, Bernstein said. The firm cited the latest results from a regular survey of Chinese consumers in the third quarter of the last few years. This year’s survey, released Thursday, covered about 1,600 respondents.

Most of those surveyed lived in China’s larger cities, with an average age of 32 and monthly income of about 19,000 yuan ($2,969), the research firm.
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Nio’s deliveries of EVs to customers in October fell 65% as supply chain issues impact

NIO ET7

Nio delivered 3,667 vehicles in October, down more than 65% from September, despite rising demand.

CNBC »

The company said deliveries were “significantly impacted by reduction in production volume as a result of the restructuring and upgrades of manufacturing lines and the preparation of new products.”

Nio also blamed ’supply chain volatilities” for the fall in October deliveries.

It released its first sedan, the ET7, in January and plans to begin deliveries of that car next year.

In the last few months, Nio has been impacted by the global semiconductor shortage which has hit automakers. Despite this, Nio said that its orders reached another all-time high in October due to “increasing user demand.”

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» Nio is listed on the NYSE.

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