Phate Zhang

Nio will start delivering vehicles in Norway this September, with the first model being the new ES8. Nio's flagship electric sedan, the ET7, will arrive in Norway next year.

Deutsche Bank analyst Edison Yu's team raises Nio's gross margin forecast by 250bps to 20.3 percent, leading to a higher EPS estimate.

USTC's research strength in China is almost comparable to that of Tsinghua University and Peking University. The university is located in Hefei, Anhui Province, which is also home to Nio China's headquarters and the JAC Nio facility.

Li Auto saw its 50,000th delivery of the Li ONE in April, bringing the model's cumulative new vehicle deliveries to 51,715 by the end of April, 17 months after it began deliveries in December 2019.

Compared to the same month last year, Xpeng's deliveries were up 285 percent, marking the 10th consecutive month of year-on-year growth of more than 100 percent.

Nio delivered 7,102 vehicles in April, down 2 percent from March, as chip shortages put constraints on its production capacity. The figure was up 125.1 percent from a year ago.

JP Morgan reiterated its Overweight rating on Nio and its $70 price target, about 80 percent above the stock's Thursday close of $38.99.

On top of the subsidies that car companies receive for the sale of new energy vehicles, China's southernmost province of Hainan is giving additional rewards to consumers who buy such models in an effort to boost auto consumption.

Although the area is sparsely populated and sparsely traveled, electric vehicle companies don't want to forget about their customers here.

As the May Day holiday in China approaches, Tesla is offering holiday benefits to owners.