CnEVPost Newsletter: NIO officially announces entry into Norway

NIO officially announces entry into Norway, ES8 to be first export model - CnEVPost — cnevpost.com Rumors that have been going on for nearly a year have finally come true, as Chinese electric car company NIO has officially announced that it will enter overseas markets, with Norway as its first stop.

NIO says it will not seek higher gross margins for pricing in Norway - CnEVPost "NIO's gross margin in Norway will be basically the same as in China, which is a basic principle," William Li said.

NIO expects to enter 5 European countries next year - CnEVPost Li said he had learned that many fans in Japan and South Korea wanted NIO to enter the regions, but the company had no team there before, and the team previously established in Europe and the United States made it easier to enter those markets.

NIO's William Li says competition is endless game, no day for EV maker to relax - CnEVPost "Whether or not NIO qualifies for the final round, we don't know yet, but some conclusions will start to emerge by about 2024," he said.

NIO's hiring of blockchain expert could herald innovations in user rights - CnEVPost NIO has always touted itself as a user-centric company, so it would make sense to innovate on user rights, and blockchain technology provides a good direction.

Deutsche Bank raises gross margin estimates for NIO, reiterates Buy rating - CnEVPost Deutsche Bank analyst Edison Yu's team raises NIO's gross margin forecast by 250bps to 20.3 percent, leading to a higher EPS estimate.

Founder of NIO's battery supplier CATL becomes Hong Kong's richest man, overtaking Li Ka-shing - CnEVPost In the first half of 2020, NIO became CATL's largest customer as its shipments continued to rise.

Tesla reportedly may launch platform this year to allow Chinese users to view vehicle data - CnEVPost As Tesla's dispute with a female owner remains unresolved, the US electric car company appears to be working to improve its service to mitigate the impact of possible similar incidents in the future.

China lists first pilot cities to accelerate smart car development - CnEVPost China's determination to support the development of the smart car industry is unrelenting, as new policies continue to be introduced to accelerate the sector's growth.