Nio

Nio'S New Brand Onvo Aims To Outshine Tesla

Nio's nieuwe merk Onvo wil Tesla overtreffen

Chinese electric vehicle (EV) manufacturer Nio has unveiled Onvo, a new, budget-friendly sub-brand set to challenge Tesla in the competitive EV market. The first car from this brand, the L60 SUV, is positioned to be a significant contender, offering a…

Nio'S Narrow Loss: A Glimpse Of Profitability

Nio’s Narrow Loss: A Glimpse of Profitability

Nio’s Comeback: Narrowing Losses Signal Rising Hope Nio, China’s prominent electric vehicle (EV) maker, saw its shares reportedly jump by 4% following a report of narrower-than-expected losses, signaling a potential turnaround for the company. Amidst a fiercely competitive EV market…

Tesla On Top Despite Shrinking China Market Share

Tesla on Top Despite Shrinking China Market Share

Despite encroaching competition in the colossal auto market of China, Tesla is poised to set a new record for its quarterly sales, with expectations set around 155,000 vehicles for April to June. This robust growth signifies a 13% increase from…