Phate Zhang

Several Chinese investors will inject RMB 2.257 billion ($330 million) into Nio's chip business, valuing the operation at about RMB 8.27 billion.

This brings the post-investment valuation of Nio's chip unit to nearly RMB 10 billion.

Nio crossed the 60,000-unit delivery milestone for its third-generation ES8 just on February 1.

This marks Tesla's second extension of its 7-year low-interest financing plan this year, following its unconventional launch of the promotion on January 6.

BMW and CATL will launch pilot projects for trusted data exchange and carbon footprint accounting under the Battery Passport framework.

BYD's Ocean lineup and Fang Cheng Bao sub-brand have launched a 7-year low-interest financing plan, following similar offers from over a dozen other automakers.

Nio is experiencing a shortage of signal processing chips for the audio system in its ES8 SUV. Vehicles produced next month will utilize a short-term alternative solution.

Xpeng aims to further solidify its position in the premium family mobility segment by upgrading the X9 BEV's intelligent features and driving range.

Analysts said the launch of BYD's second-generation megawatt flash charging system will be a key driver for sales recovery.

Nio ES9 deliveries are scheduled to begin on June 1, with the Nio team still considering whether to introduce more affordable versions without the SkyRide chassis system.