Phate Zhang

The penetration rate of NEVs at retail in July is expected to be around 35.8 percent, up from 35.1 percent in June.

CATL's revenue from abroad in the first half of the year amounted to RMB 67.17 billion, contributing 35.49 percent of its total revenue.

In June, NEV penetration rate was 58.8 percent for China's local car brands, 30.9 percent for luxury brands and just 3.7 percent for mainstream joint venture brands.

Between July 1 and July 23, Nio sold 12,700 vehicles, Li Auto 24,600 and Xpeng 6,100 units.

The NDRC listened to the opinions of private entrepreneurs on the current economic situation.

Alps is one of Nio's most important cards for next year, and the EV maker is equipping it with a more flexible business strategy, as well as pouring almost all of its cutting-edge technology into it, local media said.

Nio Day 2023 will be held in one of these 10 cities: Dalian, Guangzhou, Harbin, Haikou, Hangzhou, Jinhua, Kunming, Tianjin, Xi'an and Zhengzhou.

A top Chinese government meeting on Monday boosted investor optimism, with Nio and Xpeng, the laggards of the past few months, coming into more favor.

Li Auto said it respects the fair use of the term by other companies, but the auto film store was impersonating Li Auto for commercial activities including sales and group purchases.

Last month, there were rumors that Mercedes-Benz would build its next-generation models based on Nio's standards, though this was quickly denied by Nio.