Phate Zhang

This is IM Motors' first public financing from other investors, reaching a post-investment valuation of nearly RMB 30 billion ($44).

The only model currently being delivered by AITO is the AITO M5 SUV with extended-range technology, with a cumulative total of 25,545 units delivered since deliveries began in March.

Edison Yu's team sees a strong rebound for Nio in the next few months as it works through a casting parts issue.

The financing would be the latest round for Jidu since late January and could mark the introduction of additional backers besides Baidu and Geely, a Bloomberg report said.

In October, a number of pioneering stores in Sweden and Germany will be opened, with the first vehicles expected to be delivered in the fourth quarter.

This is up 316.78 percent from 3,189 units in the same month last year and up 7.03 percent from June.

This is the third consecutive month of record deliveries for Leapmotor, bringing the cumulative number of deliveries so far this year to 64,038.

Nio's power network covers all provincial administrative regions in the Chinese mainland, providing holistic power solutions to users, it said.

Production of the ET7 and EC6 was limited by the availability of cast parts in July, Nio said, adding that it expects to ramp up production in the third quarter.

July is a slow month for China's auto market, and a preliminary CPCA forecast shows that China's July auto sales will be about 15 percent lower than in June.