Phate Zhang

It's another milestone for the Chinese electric vehicle company since its first production vehicle rolled off the line on May 27, 2018.

A previously departed Nio executive said he was approached by the Xiaomi team after the Chinese Lunar New Year this year to talk about building cars and asked for recommendations.

Tesla recently reduced the price of its second-generation Wall Connector in China by RMB 2,000 ($305) to RMB 6,000.

The company's initial investment will be 10 billion yuan ($1.5 billion), with an expected investment of $10 billion over the next 10 years.

Xiaomi will invest about 60 percent of the amount envisioned and plans to finance the rest, the person familiar with the matter said.

Tesla's chances of spontaneous combustion are not very high among all cars, Tao said, adding that fuel cars actually have spontaneous combustion accidents every day, but people may not care much about it.

For Nio owners, the NOMI robot located in the center front of their vehicle is undoubtedly one of their favorite decorations.

NOMI is derived from Know Me, which represents Nio's pursuit of intelligent interaction experience in the car. If you have seen the science fiction movie "Her", NOMI is Nio's version of "Her".

Nio and JAC Motors signed an agreement on March 27 to establish the Jianglai Advanced Manufacturing Technology (Anhui) Co as planned.

GAC Nio, a joint venture between GAC and Nio, will soon change its name and will likely not include the word "Nio," according to yicai.com.