Lost your password?
Don't have an account? Sign Up

Nio EV crashes, two killed as stock trembles!

Two people reportedly died, when Nio electric car crashed to the ground from the third floor of a parking lot in Shanghai.

A  member of Nio’s staff and an employee from a partner company were killed in the accident, the Chinese electric carmaker said in a statement.

Nio test vehicle crashed at the Shanghai Innovation Park, Nio.inc said in a Weibo post.

Furthermore, it added that

“according to analysis of the on-site situation, we can preliminary confirm that it’s an accident (not due to vehicle-related reasons).”

*BBC Tweet on Nio crash

Nio’s statement on the accident attracted over 78 million views on Weibo, and more than 1,700 discussion posts.

Videos circulating online show rescue workers in orange suits attempting to save passengers in the car

Founded by Chinese entrepreneur William Li in 2014,

Nio has become one of the fastest growing electric car startups in China, and is dubbed as Chinese version of Musk’s Tesla.

NIO official video on battery swap

Last year, it delivered 91,429 vehicles, up 109% from 2020, according to the company.

For the first five months of this year, it delivered 37,866 units, up 12% from the same period a year ago.

Tesla was the top seller of pure EVs in China until April, when Covid lockdowns in Shanghai affected its sales and supply chains.

Nio listed its shares on the New York Stock Exchange in 2018