Phate Zhang

The P7's long range is thanks to an 81kWh battery, and if the P5's wheelbase is shortened, its range could also be adjusted slightly downward to avoid clashing with the P7's flagship positioning.

Every company has a different position and path, and what Tesla is doing may not be right for Nio, according to William Li, founder, chairman and CEO of the Chinese electric car company.

With Xpeng's Navigation Guided Pilot (NGP) getting positive feedbacks, analyst believes the Chinese EV maker's XPILOT is on track to deliver L3 functionality.

Construction of Nio's second plant has entered the construction bidding stage, a month after a tender notice for clearing the land for the plant was issued.

Tesla said the company has been investing resources in localizing its China business chain. To that end, the company is also continuing to attract outstanding domestic talent in body design, vehicle engineering and development, and Autopilot automated assisted driving.

Tesla says its move regarding the Model Y in China is not a price cut, but the first sale of the China-made version, according to Beijing News.

FAW-Volkswagen announced on January 19 that it has opened pre-orders for its first all-electric SUV, the ID.4 CROZZ, and announced a starting price of RMB 199,900 ($30,854) after subsidies.

Jefferies called Nio "China's icon for luxury BEVs," saying investors' expectations are high given the company's new model and better introduction during Nio Day earlier this month.

After Baidu announced it would form a new energy vehicle company, Chinese social media giant Tencent is also getting involved in the field.

The amount was raised because of the exercise in full by the initial purchasers in their option to purchase up to an additional $100 million in the 2026 notes and $100 million in the 2027 notes.