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CnEVPost Newsletter: New rumor on Nio-Mercedes tie-up
Nio has held exploratory talks with Mercedes-Benz about a partnership that would see the German automaker invest in it in exchange for technology, Reuters reported.
In Europe, Würth will support the customization of Nio's mobile service vehicles and help Nio develop its sales, after-sales service and energy replenishment network through its integrated stores.
New short positions in Chinese ADRs so far this month were the highest monthly short-selling flows in 2023, with Nio being the most shorted, Morgan Stanley said.
Nio had 26,763 full-time employees at the end of 2022, including 26,366 in China and 397 overseas.
BYD's sales continued to grow in China, while Ford's sales declined in Europe and the US.
Yangwang's more than 70 stores are under construction and it will open more than 90 directly-managed stores in more than 40 cities in China within the year.
Tesla will sell cars in Chinese e-commerce giant JD.com's online mall to boost sales, according to local media.
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