Phate Zhang

Nio's insurance registrations were down 8.7 percent last week compared to the previous week, Xpeng was down 18.97 percent and Li Auto was down 14 percent as deliveries are usually slow at the beginning of the month.

Tesla plans to raise the prices of the cheaper versions of the Model Y in China, as a continuation of the price hike it put on the crossover's most expensive version in the country late last month.

"While management still has a long way to go in restoring creditability among investors, this should be viewed as a meaningful step in the right direction," Edison Yu's team said.

The Zeekr 007 will be Zeekr's first sedan and its first model for the mainstream market, as all three of its current models on sale are aimed at niche markets.

The vlogger was ordered to post apologies on his Douyin account for 90 consecutive days and to compensate Nio for financial losses totaling more than 600,000 yuan in a first instance ruling.

Fang Cheng Bao began pre-sales of the Bao 5 on August 25, with a price range of RMB 300,000 to RMB 400,000.

"My goal, and my commitment to this company, is I want all of us to buy a Nio car from our personal paycheck one day," Nio US CEO Ganesh Iyer said.

Most of Nio's businesses will see layoffs, with the battery and phone businesses likely to be adjusted the most, according to local media.

Nio said it will improve resource efficiency and defer or cut investments in projects that do not contribute to the company's financial performance in three years.

Xpeng made a filing earlier this year for the P7 with an LFP battery pack, with cell supplier Eve Energy.