Phate Zhang

Nio opened up 15 percent to HK$165.6 in Hong Kong, a new high since August 16. The company gained 13.52 percent in the US overnight.

Nio ET5 has received an overwhelmingly positive initial reception, while sales of older models -- ES8, ES6, EC6 -- have not been significantly impacted by the new SUV ES7.

The Nio ET5 may have a higher performance version available in the future that may come with an electric rear wing, according to local media.

Nio aims to have more than 1,300 battery swap stations in China by the end of this year.

CATL continues to rank first with a 46.79 percent share, while BYD continues to rank second with a 21.91 percent share.

This means Zeekr has met its sales target for this year months early, having previously set a delivery target of 70,000 units for 2022.

The Li L8 looks essentially the same as the Li L9, except for a lower position at the rear for the license plate.

The models ahead of the Nio ET7 are all traditional internal combustion engine cars, dominated by models from German luxury brands BMW, Mercedes-Benz and Audi.

Shen has reduced his holdings of Li Auto shares several times since last December.

From January to August, the Tesla Model Y is also the best-selling premium SUV in China with 172,418 retail sales.