Nio

The company has entered into collaborations with several electric car manufacturers including Nio, Enovate, and Aiways.

The company forecasted Q1 revenues between USD 173.7 million and 179 million, below analysts’ estimates of USD 398 million. 

The new app is compatible with all Nio’s models currently on sale.

China has become the world’s biggest EV market, but can it also become largest EV producer?

Is Nio facing the risk of running out of cash?

The company plans to raise over USD 1.4 billion for setting up headquarters in Hefei.

Facing weak sales and dwindling funds, Nio is now fighting for survival.

The deal was first reported by a Chinese media outlet on February 18.