Phate Zhang

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.

The customer is a globally recognized automaker headquartered in Germany with a portfolio of well-known car brands, Transimage said.

Starting today, Nio owners traveling to any Nio House, Nio Space, or Nio Hub in Europe will be able to use their credits in the Chinese version of the Nio App to redeem for locally available merchandise.