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Nio plants three-brand flag in Costa Rica to kick off Latin American expansion
business12 days ago

Nio plants three-brand flag in Costa Rica to kick off Latin American expansion

Nio opened its first Costa Rica store, its first overseas location, showcasing its three-brand lineup (Nio, Onvo, Firefly) and models such as Nio ET5 Touring, EL6, EL8, and Onvo L60, with Onvo L90 pre-sales announced for EXPOMOVIL. The showroom is operated with Horizontes Cielo Azul as the national distributor, signaling a shift to an asset-light expansion in Latin America and aligning with broader overseas push (including Thailand and future Australia/New Zealand).

via CnEVPost|
#automotive#business#costa-rica
Nio's ES8 Leads February Sales, Driving More Than Half of Deliveries
business1 month ago

Nio's ES8 Leads February Sales, Driving More Than Half of Deliveries

Nio’s third‑generation ES8 delivered 11,260 units in February, making up 54.14% of Nio’s total deliveries and 74.28% of the main-brand volume; year-to-date ES8 deliveries total 28,918 (60.27% of total). To spur spring demand, Nio offered a 10,000 yuan purchase‑tax subsidy plus perks like free NOP+ access and financing options, as it targets its first quarterly profit in Q4 2025 with earnings due March 10.

via CnEVPost|
#business#es8#february-deliveries
Nio hits 60,000th ES8 delivery as ES9 looms
business2 months ago

Nio hits 60,000th ES8 delivery as ES9 looms

Nio has delivered its 60,000th third‑generation ES8 SUV, two weeks after the 50,000th unit, with the milestone announced by Yang Bo on Weibo in Guangzhou. December deliveries reached 48,135 vehicles, with the ES8 contributing 22,258 units. As production capacity increases and wait times shrink to about 11–12 weeks, Nio is gearing up for the ES9 launch in Q2, likely debuting at the Beijing auto show and sharing technology with the ET9.

via CnEVPost|
#3rd-gen-es8#business#deliveries
Chinese EV Makers Achieve Record October Deliveries
business5 months ago

Chinese EV Makers Achieve Record October Deliveries

In October 2025, China's leading EV makers showed mixed results, with Nio and XPeng experiencing strong growth, Li Auto facing declines, and BYD maintaining its leadership despite market headwinds. Nio and XPeng reported significant year-over-year delivery increases, while Li Auto's sales dropped sharply. BYD remains the largest EV producer in China, with positive international expansion and strong analyst ratings, making it a favored investment among Wall Street analysts.

via TipRanks|
#business#byd#china
Chinese EV Makers Achieve Record Sales as Year-End Push Intensifies
business5 months ago

Chinese EV Makers Achieve Record Sales as Year-End Push Intensifies

China's EV market saw record deliveries in October, with XPeng, Nio, and Leapmotor hitting new highs, while Tesla's China sales declined in 2025. Overall, EV sales are expected to be strong in Q4 due to year-end incentives, with significant secular shifts as new players like Xiaomi and Leapmotor gain ground, challenging Tesla's dominance in the world's largest EV market.

via Investor's Business Daily|
#business#china-ev-sales#electric-vehicles
EV Market Shifts as Tax Credits Expire and Automakers Adapt
business6 months ago

EV Market Shifts as Tax Credits Expire and Automakers Adapt

The $7,500 EV tax credit has expired, likely impacting demand, especially for U.S. EV makers like Ford. However, Tesla's stock remains resilient due to investor confidence in its future tech, Nio benefits from strong European and Chinese markets without U.S. sales, and Toyota's hybrid focus means it is less affected by the tax credit's end. These companies could still succeed despite the loss of government incentives.

via The Motley Fool|
#business#electric-vehicles#ev