Baillie Gifford & Co., the second-biggest shareholder of Tesla stock, has increased its stake in the electric automaker and energy storage company. A regulator filing posted Friday shows Baillie increased its stake in Tesla from 7.64 percent at the end of the third quarter to 7.71 percent at the end of the fourth quarter. That doesn’t sound like […]
View More One of Tesla’s biggest investors upped its stake by more than $30MCategory: nio
China’s NIO invests in LiDAR startup Innovusion
Innovusion, a two-year-old startup developing LiDAR sensor technology for autonomous vehicles, has raised $30 million in a Series A funding round co-led by Chinese firms Nio Capital and Eight Roads Ventures along with U.S.-based F-Prime Capital. Other seed round and strategic investors joined the round, the startup said. Nio Capital is the venture arm of […]
View More China’s NIO invests in LiDAR startup InnovusionChinese electric automakers Nio exceeds Q3 delivery target for its ES8 SUV
Nio, the Chinese electric automaker aiming to compete with Tesla, reported that it delivered 3,268 of its new ES8 vehicles in the third quarter, beating its own target by 9%. The company planned to deliver between 2,900 and 3,000 ES8s in the third quarter, according to Nio CFO Louis T. Hsieh. Nio began deliveries of the […]
View More Chinese electric automakers Nio exceeds Q3 delivery target for its ES8 SUVOne of Tesla’s biggest investors took an 11.4% stake in rival Nio
Baillie Gifford & Co., the second-biggest shareholder of Tesla stock, has taken an interest in Nio, the Chinese electric vehicle automaker that recently became a publicly traded company. Baillie Gifford now owns an 11.44 percent stake in Nio, according to a regulatory filing posted Tuesday. The company disclosed that it had purchased 85.3 million shares, […]
View More One of Tesla’s biggest investors took an 11.4% stake in rival NioChina’s secret startup advantage: liquidity
This year’s rush of IPOs from Chinese tech companies has dominated headlines, but what’s more interesting is how quickly they got there. Traditionally, “going public” represented the gratifying culmination of sleepless nights and missed birthdays that went into building a company. The peak of a lengthy climb, where founders and VCs would finally see the […]
View More China’s secret startup advantage: liquidityChinese electric vehicle maker Nio makes bumpy start following $1B IPO
Nio, the Tesla -wannabe electric vehicle firm from China, enjoyed a mix start to life as a public company after it raised $1 billion through a listing on the New York Stock Exchange on Wednesday. The firm went public at $6.26 — just one cent above the bottom of its pricing range — meaning that […]
View More Chinese electric vehicle maker Nio makes bumpy start following $1B IPOChinese Tesla rival Nio trims IPO target: now aims to raise up to $1.5B
The U.S. IPO window may be wide open for Chinese tech firms, but electric vehicle maker Nio has conservatively cut the target for its NYSE listing to $1.5 billion after it released a price range for its shares. The company plans to sell 184 million shares between $6.25-$8.25. That range would yield a total raise […]
View More Chinese Tesla rival Nio trims IPO target: now aims to raise up to $1.5BChinese Tesla rival Nio trims IPO target: now aims to raise up to $1.5B
The U.S. IPO window may be wide open for Chinese tech firms, but electric vehicle maker Nio has conservatively cut the target for its NYSE listing to $1.5 billion after it released a price range for its shares. The company plans to sell 184 million shares between $6.25-$8.25. That range would yield a total raise […]
View More Chinese Tesla rival Nio trims IPO target: now aims to raise up to $1.5BFall 2018 tech IPOs face myriad of headwinds
2018 has been an incredibly strong year for IPOs, particularly in the technology sector. Among the brand names this year that have made their public debuts are Dropbox, Xiaomi, Spotify (through a direct listing), DocuSign, Carbon Black, Zuora, among many, many others. Given the strength of these numbers through the first eight months of this […]
View More Fall 2018 tech IPOs face myriad of headwindsChinese Tesla rival Nio files to raise $1.8 billion in US IPO
Tesla may be looking to go private, but Chinese rival Nio is going the other way after it filed to raise $1.8 billion in an IPO on the New York Stock Exchange. Nio was started in 2014, initially as NextCar, by Bin Li, an entrepreneur who founded online automotive services platform Bitauto. The company is backed by Chinese […]
View More Chinese Tesla rival Nio files to raise $1.8 billion in US IPOIsraeli autonomous technology developer Innoviz is entering China’s car market
Innoviz, a developer of light detection and ranging technologies for computer vision and autonomous vehicles, is getting a toehold in China, the world’s fastest growing auto market, through a partnership with the Chinese automotive supplier HiRain Technologies. From offices in Beijing, Chicago, Detroit, Shanghai, Tianjin HiRain serves as a global supplier to some of China’s […]
View More Israeli autonomous technology developer Innoviz is entering China’s car marketNio launches the Tesla Model X of China for half the price
/https%3A%2F%2Fblueprint-api-production.s3.amazonaws.com%2Fuploads%2Fcard%2Fimage%2F678634%2Fecc04843-c8b2-4b4e-83b5-a98c6489a859.png)
Every editorial product is independently selected by Mashable journalists. If you buy something featured, we may earn an affiliate commission which helps support our journalism.
Chinese electric car startup Nio has launched its first vehicle, the ES8. It’s an all-electric, modern SUV that’s a direct competitor to Tesla’s Model X — and it costs half as much.
The price for the ES8 starts at 448,000 yuan ($67,697) in China, while the Model X starts at 836,000 yuan ($126,328).
Despite being much cheaper than its U.S.-based rival, the Nio ES8 sounds like it can hold its own against the Model X. It’s a large, all-wheel drive seven seater that accelerates to from 0 to 100km/h in 4.4 seconds. The only downside is it’s only available in China. Read more…
More about Cars, Tesla, Electric Cars, Nio, and Nio Es8