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12/4/2023, 6:05 AM (Source: TeleTrader)
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NIO-7.61%

5.40
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NIO secures independent car-manufacturing certification

NIO Inc. was granted an independent car-manufacturing certification, a filing from the Chinese Ministry of Industry and Information Technology showed on Monday.

The company appeared in the ministry's Vehicle Manufacturing Enterprise Credit Information Management System. This means that from now on NIO will be allowed to construct vehicles under its own name.

According to Weibo posts from the firm's executives, an official announcement should come later today.

Baha Breaking News (BBN) / AY