Phate Zhang

Nio's shares traded in Hong Kong closed up 5.88 percent today, giving it a 48 percent gain since May 13.

Deutsche Bank analyst Edison Yu's team cut their price target on Nio by $5 to $45, but said Nio is on track to return to its product super cycle this year.

The device, which only allows users to rent rather than buy at battery swap stations, has sparked discontent among some Nio owners.

The Cadillac Lyriq is available in China in three versions, priced at RMB 439,700, 459,700 and 479,700 respectively.

Chinese regulators plan to allow Didi, Kanzhun, Full Truck Alliance's mobile apps back into the domestic app stores, which could happen as early as this week, according to the Wall Street Journal.

Tesla posted more than 100 job openings in China late last month, and local media are reporting that the company is still short on talent in the country.

This helps speed up AI deep learning training, save costs and shorten product development cycles, according to AMD.

Nio has delivered 101 vehicles in Shanghai since June 2, and ET7 deliveries in the city will begin today.

As of press time, Nio was up 2.48 percent to a new high so far this month. Li Auto was up 10.62 percent to a new high since early April.

Nio will hold an online launch event on June 15 to unveil the ES7 as well as the 2022 ES6, EC6 and ES8, according to local media.