BMW iX series full lineup becomes available in China
All three models of the BMW iX series are available in China at about double the price of Nio's SUV models.
Nio’s average sales price in Jan-Nov was about $65,000, report shows
Nio's average sales price of RMB 413,800 ranked fourth in China, lower than Mercedes-Benz's RMB 481,900, but higher than Lexus' RMB 403,000,…
BMW aims to retain its glory in EV era with ‘China First’ strategy
"China First" means that the local team will have enough independence to respond quickly to market changes and take Chinese customers'…
Further Reading: Will German luxury car brands face same fate as Nokia in smartphone era?
It's not the first time in history that traditional brands have been hit by innovators.
Further Reading: Why German luxury brands’ EVs fail so badly in China?
This article explains why Mercedes-Benz, BMW, and Audi have suffered a spectacular defeat in China's EV market.
Nio sold its vehicles at average price of about $68,600 in Sept, $18,000 higher than Tesla in China
Nio's average sales price in September was RMB 47,500 higher than the average price of high-end brands, and RMB 41,600 higher than BMW.
While Tesla, Nio gain, fuel luxury cars retreat across the board in China
Year-on-year sales performance in Sept: Tesla Model 3 up 68.8%, Nio ES6 up 63.9%, Nio EC6 up 21087.5%, while BMW 5 Series down 21.3%,…
BMW delivered 32,000 NEVs in China in Jan-Sept, half of Nio
In the past four months alone, Nio's deliveries reached 32,522 vehicles, comparable to BMW's NEV sales in the first nine months.
Nio’s insurance registrations in Jan-July exceeded the total of Mercedes-Benz, BMW and Audi EVs in China
The BMW iX3 had 9,171 insurance registrations in China from January to July, the Mercedes-Benz EQC had 3,472 and the Audi e-tron had 790.…
Nio is eating German giants’ lunch in EV sector
Current daily Nio share price fall is irrational & illogical with all facts pointing to Nio fully utilizing One Million EV Capacity of…