The Latest Breaking News from William Li

Nio, Tesla Rival, Clears Regulatory Hurdle for Smartphone Production

Nio CEO criticizes barriers hindering Chinese EV companies in the US market, calls for open business environment.

William Li questioned why Chinese companies are facing hurdles selling their EVs in US, arguing that carmakers should not be involved in political tensions.

The Chinese automaker also says that it is ending free battery swaps for new buyers.

NIO's comparable models are already priced $20K higher than Tesla's, so it's not worried about price cuts. Meanwhile, it's targeting VW's prices in Europe.

NIO will launch a new affordable sub-brand, codenamed Firefly, with the aim of gaining a larger market share in Europe.

SHANGHAI: This year’s Shanghai Auto Show signalled the end of the petrol engine era in China, as domestic electric vehicle brands drive change across the indistry and leave foreign companies in the dust, analysts and industry insiders say.

Shanghai (AFP) - This year's Shanghai Auto Show signalled the end of the petrol engine era in China, as domestic electric vehicle brands drive change across the sector and leave foreign companies in the dust, analysts and industry insiders said.

Tesla started a global price war among carmakers, though some rivals aren't playing along. NIO says Tesla doesn't dominate in China, so it has less influence.

EV startup earmarks 400 quick-change stations for highways and 600 for urban areas, expanding total to 2,315

Amidst the resurge of COVID-19 in China, leading Chinese EV company NIO (NIO) has been facing severe delivery and supply constraints. Moreover, the company reported a grim third-quarter result and expects a challenging first half of 2023. So, I think the stock is best avoided now. Read more.