Phate Zhang

The annual Nio Day is the most important event for Nio to announce new products and technologies.

Canada Pension Plan Investment Board reduced its positions in Nio, Xpeng and Li Auto by 33.41 percent, 35.38 percent and 8.39 percent, respectively, during the second quarter.

Soros Fund Management increased its bet on Nio in the second quarter, albeit not through the more common stocks, after first buying in the first quarter.

Renaissance increased its stake in Nio by 228.96 percent to 17,768,900 shares and Xpeng by 256.81 percent to 3,620,600 shares in the second quarter.

Xpeng CEO had said that the company's 480-kW supercharger can give a vehicle a 200-kilometer range in five minutes and will disrupt the EV experience.

In Chinese culture, the number "9" represents the highest rank, and Li's words have sparked speculation about what form the company's 9-series model will take.

Edison Yu's team expects Xpeng deliveries to trend toward the weaker side in August, with no significant recovery until the fourth quarter when the G9 SUV is delivered.

Nio's battery swap station plant in Hungary will be operational in September, about two hours from CATL's planned battery production base in the country.

Nio and Aulton are the major players in the space, but for different groups. A month ago, Nio reached the 10 million battery swap service milestone.

Pricing information for the Xpeng G9 has yet to be released, and analysts at Morgan Stanley believe that will be the most important factor for the market to gauge the G9's sales prospects.