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Nio's agreement with Hefei is one of eight deals the city has signed in efforts to control coronavirus and support economic development, CNBC reported.
Nio reported a 35% increase in vehicle deliveries from the fiscal second quarter of 2019, showing a higher demand for the cars than previously thought.
The electric carmaker delivered 4,799 vehicles in the third quarter, up 35.1% from the second quarter.
The ‘Tesla of China’ craters 30% after announcing a bigger-than-expected loss and thousands of job cuts
Nio, a China-based electric automaker, said it plans to cut thousands of jobs over the next few months in an effort to control costs.
NIO's stock price has fallen by over 70% since it began listing its shares on US exchanges in September 2018, as of Tuesday morning.
Want to be successful? Avoid toxic co-workers and culture, Razer CEO Min-Liang Tan tells SMU graduands
When he first started Razer with S$4,000 in his savings, Tan says he "conveniently forgot" to tell his parents that he wasn't a lawyer anymore.
Nio announced the recall of its ES8 SUV Thursday on its website, citing an issue with an old version of its battery pack.
Shares of the Chinese electric-car maker Nio jumped after posting a small-than-expected loss despite a slowdown of the Chinese economy.
Nio is Tesla’s biggest competitor in the Chinese electric-vehicle market — here’s how its ES8 SUV compares with Tesla’s Model ...
Nio is Tesla's primary domestic competition in China's luxury electric-vehicle market.
The CEO of China’s largest electric-car company compares Tesla to high fashion — and says his company is the ‘girl next door’
William Li, CEO of China's Nio, told "60 Minutes" that Tesla's cars "are like the clothes fashion models wear on the catwalk."