Caixin
Caixin Global – Latest China News & Headlines

Home >

TRENDING
Nexperia Denies Rumors of China-EU Deal to Resolve Dispute Over Control
Pony AI, WeRide Tumble in Hong Kong Debut Amid Robotaxi Doubts
Nexperia China Chip Supplies to Soon Resume, Dutch Official Says
LATEST
Nexperia China Chip Supplies to Soon Resume, Dutch Official Says
China’s eVTOL Makers Turn to Hybrid Power to Boost Range and Cut Costs
Dutch Chipmaker Nexperia Denies Reports of Chinese CEO’s Reinstatement
Pony AI, WeRide Tumble in Hong Kong Debut Amid Robotaxi Doubts
Nexperia Denies Rumors of China-EU Deal to Resolve Dispute Over Control
Tech Brief (Nov. 5): China Blames Netherlands for Turmoil After Nexperia Halts Wafer Supply
Tencent-Backed Mininglamp Technology Doubles in Hong Kong Debut
Nexperia Halts Wafer Supply to Chinese Unit Amid Deepening Spat
Former China Unicom Executive Gets 12 Years for Taking $3.8 Million in Bribes
Huawei’s Bold AI Bet Aims to Fill Nvidia’s Void in China
China’s STAR Market Embraces Unprofitable Tech With $14.6 Billion ESWIN Debut
China Mobile Names China Unicom Chief as New Chairman
MiniMax Unveils M2 Model to Compete on Speed and Cost
Pony AI, WeRide Seek to Raise Combined $1.3 Billion in Hong Kong
Chinese Firms Urged to Fortify Online Brands as Cybersquatting Costs Mount
China Debuts Ultrafast Oscilloscope in Drive to Break Tech Barriers
U.S. Tightens Export Controls to Cover Subsidiaries of Blacklisted Firms
DeepSeek Unveils New Model With Sparse Attention, Slashes API Costs
Chinese Chipmaker Moore Threads Gets Fast Track Approval to $1.1 Billion IPO
Chinese Drone Maker XAG Files for Hong Kong IPO After First Annual Profit

By Han Wei / Jan 11, 2019 03:38 AM / Business & Tech

Photo: VCG

Photo: VCG

China’s Tesla wannabe Nio Inc. said its 2018 vehicle sales totaled 11,348 units, making it the first Chinese electric-car startup to top 10,000 sales in a year.

U.S.-listed Nio has partnered with conventional automaker JAC Motors to produce its pure electric model ES8 since 2016. In December, Nio launched its second commercial model, the five-seat ES6 SUV.

Nio has been planning to set up its own manufacturing facility. In January 2018, it was reportedly in talks with the Jiading district in Shanghai for a new factory. In September, Nio confirmed a plan for building a Shanghai factory by 2020.

However, the plan has apparently fallen under the shadow of Tesla’s groundbreaking in Shanghai, where its new factory is set to start production of the Tesla Model 3 by the end of this year.

According to a new industry rule released in December, provincial and municipal authorities can approve a new electric car project only when existing projects are in full operation.

Related: Premier Li Keqiang Meets With Musk After Tesla Groundbreaking

Share this article
Open WeChat and scan the QR code