Phate Zhang

Nio previously did its strategic planning based on a five-year length of time, but now that the market is changing so fast, the company has shifted to developing 2-year strategies, William Li said.

One of the core members of the April 2021 Shanghai auto show drama has been ordered to publicly apologize and pay damages to Tesla in a first-instance verdict.

Nio has an MPV model planned for its third-generation NT 3.0 platform, but the launch won't be anytime soon, the company's management said in a user communication.

Nio's shared battery packs will be the next generation of mass-market battery packs that support ultra-fast charging, and the battery swap experience for Nio customers will only get better, William Li said.

Li Auto is ramping up its efforts to develop chips in-house, working on both an AI inference chip for smart driving scenarios, and a SiC power chip for driving motor controllers, according to local media.

Nio delivered 55,432 vehicles in the third quarter, slightly above the lower end of the guidance range of 55,000 to 57,000 vehicles.

Between November 1 and 19, Li Auto had 25,400 insurance registrations in China, Nio had 9,400, Xpeng had 10,400, Tesla had 39,300 and BYD had 129,700 units.

The tie-up comes after Nio basically pulled out of a joint venture with Changan, marking the first external partner for Nio's iconic energy replenishment network.

Shandong Weida was up 6 percent in Shenzhen at press time, and up about 20 percent over the past month.

Tesla has raised the Model Y Long Rang's starting price in China by RMB 2,000, the fourth price hike in the past month, although the moves are for different models.