Nio

The firm expects to break its quarterly record for vehicles delivered in the second quarter.

EV maker’s crucial deal in Anhui follows attempts with Beijing and Shanghai.

Nio’s new model has a starting price of USD 66,165 and promises a range of up to 580 kilometers.

As the COVID-19 outbreak adds heavy pressure to the market, Chinese authorities have decided to extend the EV subsidies for two additional years.

The company has entered into collaborations with several electric car manufacturers including Nio, Enovate, and Aiways.

The company forecasted Q1 revenues between USD 173.7 million and 179 million, below analysts’ estimates of USD 398 million. 

The new app is compatible with all Nio’s models currently on sale.

China has become the world’s biggest EV market, but can it also become largest EV producer?