Phate Zhang

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.

The Nio App has stopped showing wait times for the EC6, potentially making way for a replacement model that will likely be called the EC7 that may be launched on Nio Day.

China has essentially abandoned the ZERO-Covid policy, making it possible for such large events to be held.

Delivery of Nio's 300,000th vehicle is expected to be around January 1, Qin said.

As of November 30, Nio's cumulative deliveries reached 273,741 units.

From January to November, Model Y retail sales in China increased 121.04 percent year-on-year, while Model 3 sales decreased 7.34 percent year-on-year.