Phate Zhang

Xpeng chairman and CEO He Xiaopeng spent about $30 million to buy additional ADSs of the EV maker.

The Smart #1 is currently offered in three versions in China with starting prices of RMB 194,200, 209,200 and 245,000 respectively.

He Xiaopeng purchased 2,200,000 ADSs of Xpeng on the open market on September 23 at an average price of $13.58 per ADS.

Nio already has more than 720 employees in Europe, most of whom joined within six months, William Li said.

Nio is launching the ET7, ET5 and ES7 at the Nio Berlin 2022 event to be held on October 7, local time in Europe, said Qin Lihong.

To date, Xpeng has 1,011 charging stations, including seven S4 supercharging stations, and it aims to add more than 500 S4 stations by 2023.

Cornerstone investors, including Xpeng and Tianqi Lithium, have agreed to subscribe for a total of about HK$5.8 billion in CALB shares.

Henan is the third largest province in China by population, with 98.83 million people at the end of 2021.

SUV competition in China's premium segment will intensify dramatically next year, with Nio, Xpeng and Li Auto all aggressively going after German luxury brands' market share, said Edison Yu's team.

Previously, it was rumored that the project name of Nio's third brand would be "Firefly".