Phate Zhang

Nio guided for fourth-quarter vehicle deliveries in the range of 47,000 to 49,000, meaning it expects to deliver between 14,967 and 16,967 vehicles in December.

Nio said it will acquire the manufacturing equipment and assets of the F1 and F2 plants from JAC for a total consideration of about RMB 3.16 billion.

For the week of November 27 to December 3, BYD's vehicle insurance registrations in China were 56,200 units.

As demand in the power and energy storage battery markets cools, cell makers have adjusted their capacity utilization rates downward to reduce inventory.

Tesla sold 82,432 China-made vehicles in November, up 14.31 percent from 72,115 in October, ending the previous two months of sequential declines.

Nio's annual event, Nio Day, is expected to take place at the end of this month.

China has imposed restrictions on car production over the past decade amid concerns about overcapacity. Nio had previously been producing cars under JAC's qualification.

As JAC's deal to sell its factory assets comes to a deadline, rumors that Nio will buy them and announce its own car-making qualifications are circulating widely on Chinese social media.

The Yangwang brand sold 408 vehicles in November, while Fang Cheng Bao sold 626 vehicles.

In November, BYD sold 30,629 NEVs in overseas markets, essentially flat from October but a new record.