Phate Zhang

William Li said since the ES8 Founding Edition began deliveries five years ago, 66,242 units of the SUV have been delivered.

CNOOC -- one of China's three largest oil giants -- said it will provide Nio with reliable sites, technology and service support to fuel the rapid growth of its charging and battery swap network.

For a NEV with a pre-tax price of RMB 300,000, consumers will continue to be exempt from purchase tax from 2024-2025, while they will be subject to RMB 15,000 in purchase tax from 2026-2027.

Li Auto finished the first half of the year with more than 130,000 units sold and does not have any ability to sell 400,000 vehicles for the full year, its CEO said.

Nio sold 8,000 units between June 1 and June 25. Its previous guidance implied 10,187-12,187 vehicles would be delivered in June.

Just 19 months old, Qingtian Truck is nearing a shutdown and employees have been dismissed, according to local media.

The Tank brand has launched its first NEV model, the Tank 500 Hi4-T. The brand has sold more than 10,000 fuel-powered vehicles in most months of the past year.

The latest target means that in the second half of the year, Li Auto will need to deliver an average of about 45,000 units per month.

Wait times for both the Nio ES7 and ET7 have gone from about 3 weeks to 6-8 weeks, and for the ES6 from about 5 weeks to 3-4 weeks.

The station is Nio's first second-generation battery swap station in Jiangmen, Guangdong province, which opened on August 29, 2021.