Phate Zhang

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.

Nio had 26,763 full-time employees at the end of 2022, including 26,366 in China and 397 overseas.

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.

As of today, Li Auto's cumulative deliveries so far this month stand at 34,501 units.

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.

Local media outlet 36kr has published an excellent story today that sheds light on why Nio is periodically in trouble and how it defuses its challenges.

The vehicles -- the Xpeng G9 and P7 -- will officially enter the Israeli market in October through one of the country's largest dealerships, Freesbe.

Between September 1 and September 24, Nio was at 13,900 units, Xpeng at 10,400 units, Li Auto at 29,200 units, Tesla at 35,900 units and BYD at 176,200 units.

Nio released a statement formally responding to the report, saying it has no reportable capital-raising activity at this time other than the convertible note offering that closed today.

Nio is considering raising about $3 billion from investors and has approached investors from the Middle East, according to Bloomberg.