This article is by: Asia Times
Read more about it here: China’s Nio tops electric cars in quality
An excerpt from Asia Times:
New energy vehicle startup Nio has the best quality among all electric auto brands, outperforming its counterparts by established luxury car makers, the findings of a new study show. Shanghai-based Nio ranked first for quality with a score of 67 PP100, or the number of problems experienced per 100 vehicles, followed by BMW, which scored 82 PP100, according to a study by US market research agency J.D. Power released today.
The research, covering 41 models from 21 brands, is based on feedback from 2,770 car owners who bought their vehicles between last September and March this year. It focuses on the quality issues encountered by NEV owners within the first two to six months of ownership. Nio represents the class of EV startups that could shake up the Chinese auto industry by building brands with an image premium enough to appeal to China’s rich customers, who have always looked to German, Japanese, and American brands. The company said it has invested US$290 million in the operations.
Nio’s power unit is on track to operate 1,100 charging stations and 1,200 power delivery vans by 2020 in cities across mainland China, and it aims for the launch of an independent app for Nio Power in the next two months. The company also operates a US$1.5 billion venture investment fund in the US and is seeking new opportunities to invest in new electric car technologies.
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