Nio, a Chinese electric car company that competes with Tesla, employs 11,000 people in research and development, but sold a mere 8,000 cars per month from April through June.

In fact, the Chinese operator of the factory, a company called Nio, loses thousands of dollars on every car it makes. State-run companies last year mustered a combined $2.7 billion to bail it out.

Chinese electric car company Nio said Tuesday it plans to install battery charging stations in every one of China's 2,844 counties by the end of June 2025.

Thousands of people are signing up to see the highly automated assembly lines of Chinese EV brands like Xiaomi and Nio.

That independence shifted somewhat in 2023, when Stellantis acquired a 20 percent stake in the company for $1.8 billion. The ...

NIO has embraced battery-swapping, a technology that Tesla tested, then abandoned, in 2013/2014. The company offers the option of buying a car without a battery, then paying a monthly fee for a ...

In China, an electric car lifestyle 03:51. Chinese electric car startup Nio aspires to be the Tesla of China. To achieve that, its founder and CEO William Li wants his customers to feel like they ...

In the world’s biggest market for electric cars, a sales miracle is turning into a “Darwinian battle” for survival. The number of electric vehicles (EVs) sold in China rocketed to 6.4m last year, ...

The company billed as China’s answer to Tesla has freaked out investors by warning that demand for its electric vehicles has failed to live up to expectations. Shanghai-based Nio’s stock ...

60 Minutes Overtime: In China, an electric car lifestyle; Today, U.S. automakers are caught between a tariff-fueled trade war and threats of cuts to electric car subsidies by the Trump administration.

The future for EVs will inevitably involve China. But where does that leave the UK and Europe markets – and what of the ...

BEIJING — Chinese electric car company Nio said Tuesday it plans to install battery charging stations in every one of China's 2,844 counties by the end of June 2025. Stream NBC 5 for free, 24/7 ...