New Energy Vehicles (NEVs) in China
- Thread starter supercat
- Start date
supercat
Major
More test drive of the Nio ET-7 that has:
A fleet of 800 natural-gas-powered buses for Mexico, like the Hong Kong taxi fleet:
- Dual engines
- AWD
- 644 hp
- 0-100 km acceleration in 3.8 seconds
- 1000 km range (probably 450 mile real-life range)
- Semi-solid-state battery
A fleet of 800 natural-gas-powered buses for Mexico, like the Hong Kong taxi fleet:
NIO wants BYD batteries?
Well it doesn't want CATL for sure. They had a falling out when CATL refused to lower prices when Nio was struggling financially. Nio said I'm done with CATL
supercat
Major
Nio's global strategy was discussed/analyzed/taught at the Harvard Business School:
The Electric Viking speaks highly of the Xpeng P5, which sells at about the same price as the Toyota Camry in China, and will be sold in 4 European nations for now.
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Chinese electric vehicle maker Nio started trading in the Hong Kong Stock Exchange (HKEX) through a secondary listing on Thursday.
The EV maker's share opened at HK$160 (129.3 yuan), but dropped to HK$143 by 14:15 p.m. Beijing Time Friday, a drop of 10.6 percent. That compares to a closing price of $17.77 for its listing at the New York Stock Exchange.
Nio's move comes after two competitors Xpeng and Li Auto finished secondary listings in Hong Kong last year, after primary listings in New York.
Different from its competitors, Nio chose to list in the Asian financial hub by way of introduction, which means the company will not sell new shares or raise any money in HKEX. It's an easier way to join the Hong Kong market for companies that are already trading elsewhere.
The method has been used by companies already trading elsewhere to build brand presence in Hong Kong and the Chinese mainland with a large base of existing shareholders, and allows the company to connect with investors in the region, according to a Bloomberg report.