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Tag Archives: nio

Electric Car Maker Nio Unveils Its Own Smartphone

The new Nio smartphone, though outwardly resembling a conventional mobile device, harbors unique features that make it a game-changer for Nio’s customers. In a surprising and bold move, Nio Inc (NYSE: NIO), the distinguished Chinese electric car brand, has ventured into the world of smartphones. Nio’s CEO, William Li, recently disclosed in an exclusive interview with CNBC that the company anticipates at least half of its users to purchase this innovative Android smartphone. Factors Fueling...

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Polestar to Launch ‘Mobile Phones on Wheels’: Plans to Integrate Electric Cars and Smartphones

Polestar is trying to create an experience where you can be using an app on your mobile phone and then continue with the app in your car. Polestar, a subsidiary of the Chinese automaker Geely, is preparing to begin production of its Polestar 4 electric cars this year, with a particular focus on the Chinese market. This shows the strategic move by the manufacturer to enter the Chinese market and its priority for technology and innovation. The Chinese market appears to be appealing due to...

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Electric Carmaker Nio Cuts Down Prices, Delays Plans of Business Expansion

Considering the tight market conditions, Nio has also put its expansion plans on hold for the time being. It has stopped any additional incentive programs such as free battery swaps for new users. In the latest development on Monday, June 12, Chinese electric carmaker Nio announced cutting the prices of its cars by around $4,200 with immediate effect. Furthermore, the company shall also be ending free battery swaps for new buyers. This is quite surprising since back in April 2023, Nio CEO...

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Xpeng Shares Slide 5% Following Weak Q1 2023 Outing & Q2 Deliveries Forecast 

China’s Xpeng shares were trading lower in US pre-trade after the EV company forecast significantly lower vehicle deliveries for Q2.  The shares of Chinese electric vehicle (EV) giant XPeng Motors (NYSE: XPEV) slid 5% following missed Q1 earnings and a gloomy delivery forecast. Xpeng shares sank in US pre-market trade after the company reported a 50% year-over-year (YoY) decline in Q1 revenue. The company raked in income of 4.03 billion Chinese yuan ($571.6 million) compared to the 5.19...

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