Phate Zhang

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.

Factors including the devaluation of the RMB, lower raw material prices in China and higher auto prices in the US have made Chinese exports to the US potentially cost-competitive.

The accident killed two people and injured three others. Tesla said the accelerator pedal was depressed throughout the accident.

CalPERS increased its position in Nio by 18.2 percent and its position in Li Auto by 21.05 percent in the third quarter.

Berkshire Hathaway's stake in BYD fell to 16.62 percent from 17.92 percent.