Nio Inc (NIO)

[DewmBoom]

GAC NIO: Additional Revenue for NIO

http://autonews.gasgoo.com/china_news/70017283.html

According to Liao Bing, HYCAN has been authorized to use some of NIO's technologies and it is partnering with NIO on R&D. Besides, GAC NIO also draws expertise and resources in developing service networks from NIO, which greatly touts its user experience centers and NIO Power.

“We aim to deliver 5,000 to 10,000 vehicles this year,” Liao Bin told the local media. This is truly an ambitious goal for a startup. As the most high-profile EV startup in China, NIO handed over a total of 42,342 new vehicles as of May 2020.

https://technode.com/2019/12/30/gac-nio-first-hycan-007/