Lei Kang

Tencent will provide support for the large-scale data storage, computing and model training needed to take Nio's autonomous driving technology from development to operation.

Innovusion's Falcon LiDAR is used in the sensing system of the Nio ET7, ES7 and ET5.

This is the biggest partnership so far reached by a new Chinese car maker overseas, local media said.

Shenlan is currently offering only the Shenlan SL03, which has an electric version, an extended-range version and a version with a hydrogen fuel cell.

SemiDrive currently has four series of products with an annual output of one million chips.

Nio's strategy of building to order and meeting different customer needs by offering individualized model options is facing more challenges in the current environment.

In terms of retail sales, the penetration rate of NEVs in China is expected to be about 32.3 percent in November. This is a new historical record.

As of the end of October, Nio's cumulative deliveries since its inception stood at 259,563 units.

The number of WM Motor stores in Shanghai has been reduced from about 20 to about 12, and most of the stores in the city's shopping malls have closed, according to local media.

The model is the Lotus Envya, which will take on the Porsche Taycan, according to local media.