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“Tesla of China” NIO cancels plans to build a local factory after heavy 2018 losses

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NIO, the Chinese electric vehicle startup with its eyes set on Tesla’s luxury auto market consumers, revealed some production stumbling blocks in a press release on Tuesday detailing its Fourth Quarter and Full Year 2018 Financial Results. One of the most notable points of interest was its decision to cancel plans to build a Shanghai manufacturing facility in favor of continuing to contract work to state-owned JAC Motors. The report also revealed $1.4 billion in losses, doubling the losses experienced in 2017, despite meeting production and delivery goals for the year.

Even without having a factory to call its own, NIO currently has two SUV vehicles for sale, the ES8 and coming ES6. Having a deal with the government – one where the government makes a product for a company rather than the other way around – may seem unusual, especially in the US. However, it’s par for the course in China. In a call with investors following the news release Tuesday, NIO chief financial officer Luis Hsieh commented that such arrangements are “endorsed and perceived as an innovative manufacturing model in China.” As a result, NIO has been able to put vehicles on the road quickly, giving it an edge over the extensive competition in the country.

It’s also interesting to note that NIO represents one of hundreds of China-based EV companies hoping to cash in on Chinese government incentives driving the ramp up of the all-electric car market. With 5 million annual EV sales expected to come from China in the near future, startups like NIO and established electric brands like Tesla are eyeing a bright future full of growth. Tesla’s Shanghai-based Gigafactory 3 is a nod to their high sales expectations in the country.

NIO’s ES6 electric SUV command panel. | Credit: NIO

NIO’s deal with JAC Motors is apparently hurting its bottom line, however. Along with a fee collected by the manufacturer for each vehicle produced, NIO is required to compensate JAC for any operating losses during the first 3 years of production. If that’s not enough eating away at the company’s progress, slow January/February markets, tough trading conditions resulting from the ongoing US-China trade war, and end-of-year sales ramps in 2018 are being offered by NIO as reasons for a delivery slowdown in the early part of this year. The company expects the slowdowns to continue into the second quarter of 2019 for largely the same reasons.

The bad financial news from NIO is perhaps a bit surprising considering that the announcement is on the heels of a 60 Minutes feature wherein CEO William Li was hopeful for the company’s prospects in China’s EV market. NIO has been positioned as a lifestyle company rather than simply a car maker, offering exclusive owner perks like clubhouses and on-demand charging solutions. Li’s plans also include eventual entry into the international market, and the company already has offices around the world seemingly to aid in this effort.

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Perhaps without Tesla’s experiences coming to market shining a light on what’s possible during a new EV manufacturer’s development path, news like NIO’s announcement would immediately spell impending doom for such a new company in a still-evolving market. That is not quite the case, of course, and NIO, along with the numerous EV startups begun in Tesla’s wake, have essentially a wealth of information available to learn from as applicable to their national situations. Even still, just as Tesla and SpaceX CEO Elon Musk often stated that “rockets are hard” despite decades of space launching knowledge being available, so too are electric vehicle companies.

Accidental computer geek, fascinated by most history and the multiplanetary future on its way. Quite keen on the democratization of space. | It's pronounced day-sha, but I answer to almost any variation thereof.

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Tesla attackers face 5-20 years in prison if convicted, warns DOJ

Burning Tesla cars & Superchargers isn’t just a protest—it’s a federal offense. The DOJ warns Tesla attackers could get 5-20 years in prison.

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(Credit: One Tire Fire)

Alleged Tesla attackers could face between 5 to 20 years in prison if convicted, warns the Justice Department.

According to U.S. Attorney General Pamela Bondi, three people have been accused of using Molotov cocktails to set Tesla vehicles and charging stations on fire. Prosecutors recently announced the arrests of the three defendants.

“Let this be a warning: if you join this wave of domestic terrorism against Tesla properties, the Department of Justice will put you behind bars,” noted Bondi.

Bondi echoed the words of Special Agent Spencer Evans from the FBI’s Las Vegas Field Office. Evans emphasized to the public that setting Tesla vehicles and charging stations on fire is a federal crime.

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The first defendant in the Tesla arson cases is Lucy Grace Nelson who has pleaded not guilty and been released on bond. A criminal complaint states that Nelson was spotted at a Tesla dealership in Loveland, Colorado, a few times in January and February 2025. The 42-year-old was charged with possession of a destructive device and malicious destruction of property after police found a container of gasoline, a box of bottles, and wicks in Nelson’s car.

The second person arrested in Tesla’s arson cases is Adam Matthew Lansky, who has been accused of throwing eight Molotov cocktails at a Tesla dealership in Salem, Oregon. The 41-year-old is detained while awaiting trial and has not entered a plea.

The last alleged Tesla arsonist is Daniel Clarke-Pounder, who has been charged with throwing Molotov cocktails at Tesla charging stations in North Charleston, South Carolina. Witnesses reported seeing a man spray-paint a profane message about President Trump and the words “Long Live Ukraine,” in the Tesla parking lot. The 24-year-old was released on a $10,000 bond and has not yet entered a plea.

Attacks on Tesla cars, charging stations, and stores have spread throughout the United States recently as more people take their anger for Elon Musk out on the American car manufacturer. Luckily, no one has been injured or died from any of the attacks.

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Honda and Acura EVs to gain Tesla Supercharger access this June 2025

This provides Honda and Acura EVs access to over 20,000 Superchargers across the United States.

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Autosdeprimera, CC BY 3.0 , via Wikimedia Commons

Honda and Acura electric vehicles will soon be plugging into Tesla’s Supercharger network, with approved NACS-CCS adapters rolling out to Prologue and ZDX owners in June 2025.

This provides Honda and Acura EVs access to over 20,000 Superchargers across the United States.

Adapters Ensure Safety

Starting June 2025, Honda Prologue and Acura ZDX drivers can acquire a Honda-approved NACS-CCS DC fast-charging adapter at authorized U.S. dealerships, with pricing set closer to launch. Tested for safety and compatibility, it’s the only DC adapter that Honda recommends for its EVs at NACS stations, as noted in a press release

Ryan Harty, assistant vice president of Sustainability & Business Development at American Honda Motor Co., Inc., shared his thoughts on the matter. “Adding Tesla Supercharger network access to the charging networks already available to our EV customers means industry-leading fast-charging access for Honda and Acura EV drivers,” he said.

Tesla requires approved NACS adapters at its Superchargers, and Honda strongly recommends that Prologue and ZDX owners use approved adapters. Honda also noted that damage caused by using unapproved adapters may not be covered by cars’ limited warranties.  

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Honda’s Big Charging Vision by 2030

Honda’s not stopping at Tesla’s network. By 2030, Prologue and ZDX owners are expected to tap roughly 100,000 DC fast-charge points across North America, blending Tesla Superchargers with IONNA’s new network, EVgo, and Electrify America. 

“By the end of this decade, we strive to provide Honda and Acura EV drivers with the most convenient and easy charging at more than 100,000 charge points nationwide, helping people choose to purchase an EV for the many benefits of driving one,” Harty stated.

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“Tesla Takedown” movement plans 500 protests in 277 stores, Superchargers

Rep. Jasmine Crockett (D-TX) stated that March 29 is her birthday, and “all I want to see happen on my birthday is for Elon to be taken down.”

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Rhododendrites, CC BY-SA 4.0 , via Wikimedia Commons

The “Tesla Takedown” group is aiming to hold its “biggest day of action” in over 277 Tesla stores, as well as Supercharger stations.

During a mass call on Wednesday, organizers, filmmakers, members of Congress, and other key individuals banded together to call for a mass demonstration against the electric vehicle maker this coming March 29, as noted in a report from The Verge.

Tesla Takedown

The Tesla Takedown movement emerged from critics’ opposition to Elon Musk’s increasingly political nature, his close relationship with U.S. President Donald Trump, and his work with the Department of Government Efficiency (DOGE), which is aimed at cutting unnecessary government spending and waste. Members of the Tesla Takedown movement have targeted the EV maker since a notable portion of Musk’s net worth is tied to his Tesla holdings.

Unfortunately, protests against the electric vehicle maker and Musk have become increasingly violent, with Tesla stores being shot up and vehicles being burned in acts of arson. Supercharger stations have also been targeted in arson attacks. Tesla owners’ vehicles have been vandalized and set on fire as well.

Amidst these attacks, Trump has noted that he considers such actions as domestic terrorism. Attorney General Pam Bondi has also noted that those behind the arson and vandalism against Teslas will be caught and persecuted.

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LFG! #teslatakedown GLOBAL DAY OF ACTION March 29Every showroom in America500+ around the worldLet's send these techno-fascists, broligarchs and old fashioned Nazis a message loud and clear. NO WAYPlan an action or find one near you: teslatakedown.com— #TeslaTakedown (@teslatakedown.com) 2025-03-20T01:48:34.522Z

“No Conspiracy,” but Still Wishing For Musk Takedown

During the hour-long call, actor and filmmaker Alex Winter, who promoted the Tesla Takedown movement on BlueSky, stated that there is no conspiracy to take down the electric vehicle maker. “There is no conspiracy, there is no well-funded cabal. It’s just Elon Musk who has taken Tesla down,” he said.

Alice Hu, executive director of Planet Over Profit, noted that protesters are looking to hold over 500 events across the world on March 29, with 277 Tesla stores expected to see demonstrations. She also stated that protesters should feel free to demonstrate at Supercharger stations. 

“We need to show Elon that he can throw a tantrum online because his stocks are tanking. He can get Trump to put on a humiliating used car show in front of the White House. These wannabe authoritarians can try to intimidate us from exercising our First Amendment rights, but they can’t stop us from fighting back,” Hu said.

Rep. Jasmine Crockett (D-TX) called for participants to fight, though she was quick to state that protests should be nonviolent. “The things that we’re fighting for, we are fighting for our country. We’re fighting for democracy. We’re fighting for our freedoms. And when I say fighting, I’m saying that figuratively. Obviously, everything that I am promoting is nonviolent,” she said. Interestingly enough, Crockett also stated that March 29 is her birthday, and “all I want to see happen on my birthday is for Elon to be taken down.”

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