The Latest Breaking News from William Li

The Nio ET9 has been developed to give it a true magic carpet ride. Electric vehicles editor Steve Fowler tested it on Britain’s broken roads to find out if it lives up to the claims

Cheche Group Inc. (NASDAQ:CCG) announced an expansion of its partnership with NIO Inc. (NYSE:NIO) to improve insurance services for NIO's growing fleet of electric vehicles. The deal focuses on streamlining policy issuance, risk control and claims handling as the automaker scales its multi-brand portfolio.

Nio Inc. (NYSE:NIO) shares are trading lower on Thursday.

Also, Nio cuts costs to get profitable while Toyota invests in itself for the long run.

These foods are called "nature's Ozempic"

To keep ahead of the competition, “design really has to be leading edge, always looking forward, very progressive," says Kris Tomasson, Nio's VP of design.

Xpeng Motors stock has outperformed Nio this year and still looks like a better bet given the company’s strong performance in deliveries and its progress in autonomous driving.

Investors expect the electric vehicle company to officially launch a new model and its Firefly brand.

Goldman Sachs downgrades NIO, citing competitive pressures and challenges to profitability. Also, the Chinese EV manufacturer recently marked its 10th anniversary, with the company's founder, chairman, and CEO, William Li, addressing employees through an internal letter.