nio - Tech News from Simmons Systems

Tech News from Simmons Systems

nio

A collection of 5 posts

Ample Expands EV Battery Swapping Globally as China Ramps Up Stations

Ample is bringing its electric vehicle battery-swapping technology to Madrid and Japan through new fleet partnerships. The startup's growth highlights a stark contrast with China, where massive investments are driving thousands of new swapping stations.

Chinese EV Maker Nio Lands $1 Billion From State Investors

Nio secures a $1 billion investment from Chinese state-owned entities by agreeing to move its headquarters to Hefei and relinquish a minority stake in its new Nio China business unit.

Electric Vehicle Startup Nio Cuts 141 Jobs at San Jose Headquarters

Nio lays off 141 employees at its North American headquarters as part of ongoing cost-cutting measures following a difficult year of losses and vehicle recalls.

Xpeng Views Nio's Stock Slump as a Cautionary Tale for EV Startups

Chinese electric vehicle startup Xpeng takes Nio's recent financial struggles and stock drop as a wake-up call to prioritize capital efficiency. The company focuses on mass-market vehicles to avoid the heavy spending that plagues its luxury-oriented competitor.

Tesla Blames Isolated Battery Module for Shanghai Fire, Issues Software Fix

Tesla reveals that a single faulty battery module caused the widely publicized Model S fire in Shanghai, denying any systemic vehicle defect. The automaker is responding with an over-the-air software update for Model S and Model X vehicles to adjust charge and thermal management settings.