Phate Zhang

Three days ago, on October 8, wait times for four of Nio's least expensive models were all reduced to 2-3 weeks.

WM Motor still has commercial value and some of its creditors are willing to reorganize, it said.

Xpeng emphasized that the move does not affect businesses including commerce and production. The company fell more than 10 percent in the US on Monday.

Most of last week was covered by China's long National Day holiday -- which ran from September 29 to October 6.

Nio CEO William Li told CnEVPost last month that every RMB 50,000 drop in the price of lithium carbonate would result in roughly a 1.5 percent improvement in gross margin for the company.

The Hyper SSR is offered in three versions and deliveries were made to the first owners today.

Nio took four years to deliver its first 10 million battery swap service and nine months to achieve its second 10 million. Its third 10 million service took six months.

Li Auto is set to take deliveries to the next level in the fourth quarter and is expected to see monthly deliveries of more than 40,000 units, the company's CEO said.

Xpeng said it has received more than 1,200 applications to join its sales system since the launch of the Jupiter Project.

During the third quarter, Tesla sold 222,517 China-made vehicles, contributing 51.15 percent of its global deliveries.