Phate Zhang

Tesla is currently offering two versions of the Model 3 in China as well as three versions of the Model Y. The pricing and expected delivery dates for all models except the Model Y Long Range remain unchanged.

Nio's sales in Shanghai contributed between one-sixth and one-fifth of the company's total sales, William Li said yesterday.

Nio's William Li and Qin Lihong confirmed the existence of the plant in Hungary in a very entertaining way, and provided more information.

Nio's mass-market sub-brands will be priced in the RMB 200,000 range, and they will compete with Tesla's Model 3 and Model Y, but at a 10 percent discount, Li said.

Audi claims that the Nio ES6 and ES8 naming infringes on the trademark rights of two of its models, the S6 and S8.

The Qilin battery's innovative design prevents thermal runaway of the pack and holds 13 percent more power than the 4680 battery, according to CATL's Wu Kai.

Denza plans to start showcasing the D9 MPV and opening it for test drives in some core cities in China in June-July, and will officially launch the model in July.

Deliveries of the Nio ES7 are expected to begin on August 28, with show cars and test cars expected to start arriving at Nio stores in late July.

The pricing represents a 12 percent discount to CATL's closing price in Shenzhen on Wednesday and a premium of about 21 percent to the offering's floor price of RMB 339.67.

Deutsche Bank analyst Edison Yu's team believes Nio's deliveries are expected to move higher, shifting the narrative from supply constraints to a strong product super cycle.