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Nio Day 2023 will be held on December 23 in Xi’an, Shaanxi province, Northwest China, where Nio will unveil a new flagship model. (Image credit: CnEVPost) Nio (NYSE: NIO) released its third-quarter earnings results today and held an analyst call afterward. Here are the live updates from Nio’s earnings call, with the latest at the top. Over the next year, Nio’s priority in Europe will continue to be ensuring experiences rather than increasing sales. Nio is in a position to open up NOP Plus testing to pioneer users in over 100 cities. Nio already has a sales force of around…
This article is being updated, please refresh later for more content. Nio (NYSE: NIO) reported third-quarter revenue of RMB 19.07 billion, up 46.64 percent year-on-year and 117.36 percent from the second quarter. Its net loss for the third quarter was RMB4.557 billion, up 10.8 percent from the third quarter of 2022 and down 24.8 percent from the second quarter of 2023. Excluding equity incentive expenses, its adjusted net loss for the third quarter was RMB3,950 million, an increase of 13.0 percent from the third quarter of 2022 and a decrease of 27.4 percent from the second quarter of 2023. Financial…
The U.S. is in dire need of electric cars that are affordable to everyday consumers. Right now, if you pick a new EV at random, it’s likely to cost upwards of $50,000. And that just isn’t realistic for most people—especially those taking the plunge into an unfamiliar technology. Good news: A new, relatively accessible option will arrive early next year in the form of the 2024 Fiat 500e. The iconic Italian city car is returning stateside after a brief hiatus, and Fiat unveiled it to the world on Tuesday. It went on sale in Europe in 2020. The (500e)RED edition,…
Fiat has revealed that for the U.S., the 2024 500e will start at $34,095, including the mandatory $1,595 destination fee, and it will arrive to U.S. dealerships—and focused on urban areas—starting in the first quarter of 2024. In U.S. spec, the 500e delivers 118 hp and 162 lb-ft of torque from its single permanent-magnet motor, and it has a 42-kwh nickel manganese cobalt (NMC) lithium-ion battery pack. All are essentially identical figures to the Europe-market model that was first delivered three years ago. The Fiat 500e weighs just over 3,000 pounds—a lightweight for an EV, and its battery pack weighs…
As demand in the power and energy storage battery markets cools, cell makers have adjusted their capacity utilization rates downward to reduce inventory. Some power battery makers may be forced to halt production as prices continue to fall due to weak demand. Amid fierce competition, some Chinese battery cell makers will face production cuts or shutdowns due to a lack of orders, market research firm TrendForce said in a report released on December 4. As demand in the power and energy storage battery markets cooled, cell makers adjusted their capacity utilization rates downward to reduce inventories, causing the industry’s overall…
Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee new episodes are delivered as soon as they’re available. Stories we discuss in this episode (with links): Subscribe to the Electrek Daily Channel on Youtube so you never miss a day of news Follow Mikey: Twitter @Mikey_Electric Listen & Subscribe: Share your thoughts! Drop us…
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! The company Einride is one of many startups that have been built on big goals regarding autonomous, electric transport. Most of these companies never get far and never make much of an impact. Well, this Swedish startup may be special, because it’s got a deal actually putting its autonomous truck to work … in Selmer, Tennessee, of all places. Einride saves some money from the elimination of a cab (naturally), but the real proof in its technology and approach will be if this initial…
The Environmental Protection Agency (EPA) has released its official Tesla Cybertruck filings, revealing additional details about the stainless steel triangle on wheels that few people seem to have had enough of. The information in the documents, reviewed by InsideEVs, is not earth-shattering by any measure, but some details are worth noting. For starters, the Certification Summary Information Report, filed on November 21, 2023, just ten days before the buoyant delivery event, mentions the total voltage of battery packs at 816 volts, battery energy capacity at 150 (amp hours, we believe), and battery specific energy at 170 (watt-hours per kilogram, we believe).…
Have you seen the rather impressive quarter-mile race between the new Tesla Cybertruck and a Porsche 911? It was one of the coolest pieces of last week’s Tesla Cybertruck launch, especially when the camera cut to the shot of the Cybertruck towing an identically spec’d 911 in a trailer behind it as it crossed the finish line with the first 911 hot on its tail. But as it turns out, the race—if its entirety was shown—was filmed on was over a much shorter eighth-mile distance. And with the Porsche creeping up on the Cybertruck’s tail as it crossed the finish line,…
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! If your only transport need is getting yourself and maybe a backpack to your destination, then a traditional bike or an e-bike is the way to go for low impact and zero-emissions transportation. But if you regularly need to carry a lot of things with you, whether that’s personal gear for work or play, or various other items such as groceries and such, or even another small human or two (read: children), then a cargo e-bike is just the ticket. And with the recent…