Phate Zhang

Nio hopes to enter the mass market with two sub-brands, while BYD will enter the premium market with two new brands.

Faster deliveries may indicate that supply chain conditions are allowing Nio to ramp up capacity so that more consumers can access purchase subsidies that are due to expire at the end of the year.

BYD said its semiconductor business will add large investments that are expected to have a significant impact on the unit's future assets and business structure.

Faster deliveries from Tesla in China near the end of the year are expected to allow more local consumers to take advantage of the expiring state purchase subsidies.

Li Auto vehicles had 3,154 insurance registrations for the week, up from 2,224 in the first week. Xpeng was 1,107, essentially unchanged from 1,115 in the first week.

Renaissance reduced its stake in Nio by 28.63 percent in the third quarter, while increasing its holdings in Xpeng and Li Auto by 74.47 percent and 106 percent, respectively.

In addition to increasing its purchases of Nio bonds, Soros Fund also bought calls on Nio for the first time in the third quarter.

In the third quarter, Leapmotor reported revenue of RMB 4.29 billion, up 398.5 percent year-on-year.

The driver said he kept one foot on the brake, hoping it would eventually work to stop the vehicle.

Nio's third-generation battery swap station will not only be able to store more batteries, but is also expected to be compatible with battery packs of different specifications and sizes, the latest patent documents show.