Phate Zhang

In addition to localizing its components, Tesla has done a better job of localizing its culture than other foreign brands.

Unlike Nio and Xpeng Motors, which chose Norway first, some other Chinese companies offering more affordable EVs will consider Thailand first.

As of November 10, Nio had 609 battery swap stations and 462 supercharging stations providing 2,694 charging piles.

That lead narrowed in October, as LFP battery installations fell 11.6 percent from September, while ternary battery installations rose 13.5 percent from September.

The M7's cabin features i-Surf technology skin and i-Rota super dials, offering a host of smart applications to make the ride more tech-savvy.

Nio's loss may continue to widen in the fourth quarter as investment in research and development of new models and new technologies accelerates.

In the fourth quarter, Chinese automotive consumer demand remained stable, but uncertainty remained on the supply side, the CAAM said.

Gotion High-tech's ternary cells with high nickel content have an energy density of 302 Wh/kg, meaning we may see more models with NEDC ranges of around 1,000 km.

This may dampen some enthusiasm for it, as there is a risk that current orders will not be delivered before the Chinese New Year holiday.

Nio plans to have the ET7 available in showrooms around Chinese New Year, which arrives on February 1. It is targeting a 25 percent gross margin on the NT2-based models.