Phate Zhang

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-Benz about a partnership that would see the German automaker invest in it in exchange for technology, Reuters reported.

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.

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.