Phate Zhang

Consumers will be able to lock in their orders for the Nio ES7 starting at 20:00 Beijing time on August 2, with first deliveries expected to begin on August 28.

Pony.ai sued two former employees and the self-driving truck company they founded, claiming they violated the company's trade secrets.

Nio is planning a third brand, and judging by the product definition and development, the first product will be an entry-level electric sedan in the RMB 100,000 ($14,820) class, according to local media.

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.