Nio-Backed Weineng Doubles Down in Wuhan With $1.43B Battery Project
Mirattery was established in 2020 in Optics Valley as a joint venture backed by NIO and CATL.
Latest in EV news, technologies, data and insights from China market
Mirattery was established in 2020 in Optics Valley as a joint venture backed by NIO and CATL.
NIO plans to cover a target market 2-3 times larger than last year’s in 2026.
China’s new energy SUV market in February showed a pronounced concentration at the top of the rankings.
NIO Inc. achieved its first net and operating profits in Q4 2025, marking a significant turnaround after years of losses amid increasing competition.
To date, firefly has expanded into 10 countries worldwide, with a long-term target of entering nearly 40 countries and regions.
NIO’s “Shanghai R&D + Anhui Manufacturing” battery strategy enters substantive implementation.
NIO CEO William Li unveiled the technologically advanced ES9 SUV, launching its event on April 9, aiming for sales leadership.
February saw stagnant sales for NEV makers, with mixed year-on-year growth and market preparation ahead.
In addition to NIO, Li Auto, Xiaomi Auto, and Leapmotor also made the list.
The 70,000th delivery came less than a month after the 60,000th delivery.