Phate Zhang

Nio is on track to reach its guidance, with 9,199 vehicles registered in the past four weeks.

Starting in June, Nio will basically keep building 120-150 battery swap stations per month, William Li previously said.

Wait times for both the Nio ES7 and ET5 are now around 3 weeks, compared to 4-6 weeks and 3-4 weeks respectively.

A revamped version of the Nio ET7 is expected to be optimized for exterior and interior details and will likely be unveiled during the Shanghai auto show, according to a local media report.

Deliveries of the new Model S and Model X have begun in the Chinese mainland, nine years after the first Tesla vehicle entered the country in 2014.

"Tesla China will soon push a major update to Autopilot," a well-known car blogger wrote on Weibo.

Wencan aims to supply products from near Nio's plants by 2025, and the two companies will work together to arrange capacity expansion plans.

Xpeng's store traffic and test drives have reached new highs in recent months following the launch of the P7i, the company's management said earlier this month.

The overall market is recovering at a slower pace than previously expected due to increased consumer wait-and-see sentiment caused by big price cuts, the CPCA said.

The frunk lid of the vehicles in the recall could suddenly open while the vehicle is in motion, increasing the risk of a crash.