Phate Zhang

William Li is confident about Nio's position in the market, saying that in the high-end market there is no brand that can compete fully with Nio, including products, services, and user communities.

Despite continued supply chain challenges, chip and battery supply shortages don't appear to be affecting Nio as badly as expected, as the Chinese electric car company continues to give strong second-quarter delivery guidance.

Nio posted revenue of RMB 7.98 billion yuan ($1.22 billion) in the first quarter, beating market expectations of 6.645 billion yuan and up 481.63 percent from 1.372 billion yuan in the same period last year and up 20.16 percent from the fourth quarter.

Meizu posted a poster on Weibo on Thursday, hinting that it will announce its first partner in the automotive space tomorrow.

China drafts rules to ban smart cars from sending collected data abroad

In response to reports earlier today that Huawei is seeking to take control of Arcfox of BAIC's BluePark New Energy and Chongqing Sokon’s Jinkang New Energy, Huawei said "there is no such matter."

Huawei has been asserting that it won't get involved in building cars, but that doesn't mean the company isn't getting more deeply involved in the sector through mergers and acquisitions.

After the NeoPark is completed, Nio can save RMB 3,000 per vehicle in logistics costs.

For any company, having a long-term vision is the foundation if it wants to build a long-lasting business. Judging from the recent words of Nio executives, we seem to see this in the electric vehicle company.

The company also plans to further strengthen its Lincoln brand and fast-track its electric vehicle business.