Phate Zhang

Gotion's joint venture in Thailand will create a battery export base in addition to local production of battery packs.

"Going into year-end, we see several potential positive developments for Nio," said Deutsche Bank analyst Edison Yu.

Nio's 22 battery swap stations located along highways connect 25 cities in Henan, Hebei, Anhui and Shandong.

Neta's electric sports car, the Neta E, is available in a two-motor version as well as two single-motor version, each with a maximum power of 170 kW.

The new Nio ES8 is longer than the current model and has the same exterior design as the rest of the NT 2.0 platform-based models.

They will be a facelift of the hot-selling sedan P7, an SUV with the internal code name F30 and an MPV with the internal code name H93, local media said.

Nio's plant in Hungary has completed its capacity ramp-up, company co-founder and president Qin Lihong said at an event this week.

Nio's ultra-luxury sedan project is already in the design phase and is set to be launched as early as 2024 and sold globally, according to local media.

Li Auto registered 3,013 units in the week, down from 4,228 units in the previous week, while Xpeng registered 2,127 units in the week, up from 1,962 units in the previous week.

Zeekr plans to go public in New York as early as the second quarter of 2023 and is seeking a valuation of more than $10 billion, according to a Reuters report yesterday.