CnEVPost Newsletter: New rumor on Nio-Mercedes tie-up

Sep 28, 2023

Nio has held exploratory talks with Mercedes for tie-up, report says

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.

Nio signs strategic cooperation deal with German firm Würth

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.

Nio most shorted Chinese ADR in Sept, says Morgan Stanley

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.

All employees hold Nio shares as of year-end 2022, ESG report shows

Nio had 26,763 full-time employees at the end of 2022, including 26,366 in China and 397 overseas.

BYD replaces Ford as world's 4th best-selling car brand in Aug, TrendForce says

BYD's sales continued to grow in China, while Ford's sales declined in Europe and the US.

BYD Yangwang's 1st store opens in Shanghai, aims to have over 90 in China by year-end

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 to sell cars on Chinese e-commerce platform JD.com, report says

Tesla will sell cars in Chinese e-commerce giant JD.com's online mall to boost sales, according to local media.