New Nio Numbers Out. Doom May Not Be Imminent
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Links from today's show:
Nio Readies Its First Mass-Market EV After 'Taking Apart A Lot Of Tesla Vehicles'
The Onvo L60 SUV will be cheaper than the Tesla (TSLA) Model Y that it's challenging in the RMB 250,000 ($34,565) segment, Nio CEO William Li has said.
https://www.investors.com/news/nio-st...
NIO & XPENG Smart EV Sales Jump in 2024
There has been a lot of hype in recent months about EV sales growth slowing. As we’ve discussed here on CleanTechnica, the story actually varies geographically and by brand. Some brands are seeing sales rise quickly, while others (most notably Tesla) are seeing them stall or shrink. News this week out of China is that two of the biggest EV startups in the country, NIO and XPENG, have seen strong sales growth in 2024.
https://cleantechnica.com/2024/05/03/...
NIO sales and product split in Germany. NIO sold in April 5 cars more than in March. In the first four months of 2024, NIO sold 155 cars in Germany. Germany is NIO's largest market in Europe. Europe is NIO's largest market outside of Asia.
/ 1790258836101537994
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Edited by: Roshan Khatiwada
#Tesla #TSLA #EVs