Phate Zhang

The initial conversion rate of the 2026 notes is 10.7458 ADSs per US$1,000 principal amount, which is equivalent to an initial conversion price of approximately US$93.06 per ADS and represents a conversion premium of approximately 50.0% above the closing price of its ADSs on January 12.

Various cities in China are taking steps to encourage the use of new energy vehicles, with the northwestern city of Xi'an being the latest.

Nio may build a new plant in Hefei, next to the existing JAC Nio plant, according to a recent government document.

Among them, ternary battery production was 48.5GWh, down 12.0% year-on-year; lithium iron phosphate battery production accumulated 34.6GWh, up 24.7% year-on-year.

China's full-year 2020 new energy passenger vehicle sales reached 1.246 million units, up 14.6 percent year-on-year.

"All-solid-state batteries are nowhere near commercialization, and it's still difficult to even do a demo right now."

Foxconn and Geely each hold 50 percent of the shares, and the chairman will be appointed by Foxconn.

Recent tight chip supply problems have affected global auto production for some time, which in turn will affect the stability of China's auto industry operations, the China Association of Automobile Manufacturers (CAAM) said.

IM Motors vehicles also support wireless charging, making it the first car brand in the world to have 11kW of wireless charging technology in mass production.

It is a mystery who the supplier of the solid-state battery for Nio's first sedan ET7 is.