Nio exceeds 1,900 swap stations in China, sets new single-day service record
Nio averaged 40 services per battery swap station on September 28, and stations along highways averaged 30.4 services per station.
Zeekr forms partnerships to sell EVs in 4 additional Middle Eastern countries
Zeekr has entered into partnerships in the UAE, Saudi Arabia, Qatar, and Bahrain to sell electric vehicles in those markets.
BYD Yangwang's 1st store opens in Shanghai, aims to have over 90 in China by year-end
Yangwang's more than 70 stores are under construction and it will open more than 90 directly-managed stores in more than 40 cities in China within the year.
Nio has held exploratory talks with Mercedes for tie-up, report says
Nio has held exploratory talks with Mercedes-Benz about a partnership that would see the German automaker invest in it in exchange for technology, Reuters reported.
Nio signs strategic cooperation deal with German firm Würth
In Europe, Würth will support the customization of Nio's mobile service vehicles and help Nio develop its sales, after-sales service and energy replenishment network through its integrated stores.
Nio most shorted Chinese ADR in Sept, says Morgan Stanley
New short positions in Chinese ADRs so far this month were the highest monthly short-selling flows in 2023, with Nio being the most shorted, Morgan Stanley said.
All employees hold Nio shares as of year-end 2022, ESG report shows
Nio had 26,763 full-time employees at the end of 2022, including 26,366 in China and 397 overseas.
Li Auto terminates $2 billion at-the-market equity offering after raising over $500 million
Li Auto announced last June 28 that it would sell up to a total of $2 billion in ADSs on Nasdaq in an ATM stock offering program.
Li Auto reaches 500,000th delivery milestone
As of today, Li Auto's cumulative deliveries so far this month stand at 34,501 units.
Tesla Shanghai plant produces Model Y with integrated die casting that significantly reduces costs
Model Y production at Giga Shanghai is using one-piece die casting for the rear structure, allowing the component to cost up to 40 percent less.