Phate Zhang

Nio missed Wall Street's revenue estimates and widened its net loss to RMB 6.06 billion in the second quarter, but gave a third-quarter outlook that beat expectations.

A previous report said that a number of Chinese automakers, including Chery and Nio, were planning to order their own car carriers.

Between August 1 and August 27, Nio vehicles saw 16,000 insurance registrations in China, Xpeng at 11,700, Li Auto at 29,100 and Tesla at 56,400 units.

The key to the deal is that Xpeng can get more sales by tapping into Didi's massive network of 19 million drivers in China, Deutsche Bank said.

BYD reported revenue of RMB 1,399.5 in the second quarter, the second highest on record after the fourth quarter of 2022.

Nio's overall order intake peaked in July after a significant price cut in June, according to Morgan Stanley.

This is Nio's 134th Nio House worldwide and its first zero-carbon facility. It has a design not found in all other such facilities -- a corridor that provides direct access to Nio's F2 factory.

Xpeng saw its biggest one-day gain in early Hong Kong trading since the Volkswagen deal late last month.

The first model in the "Mona" program will be an A-class EV, to be launched in 2024 to expand into the popular RMB 150,000 segment.

In China, Ascott currently owns and manages over 200 properties in 42 cities.