Li Auto

Nio has contacted Credit Suisse and Morgan Stanley to offer 5 percent of its total share capital in Hong Kong, the report said, citing sources who added that Nio could also go public in China's A-share market.

The Voyah FREE, a competitor to the Li Auto's Li ONE and owned by Dongfeng Motor's premium new energy vehicle brand Voyah, will be available for pre-order on March 31.

In a poster suspected to be for Volkswagen Power Day, the veteran car company seems to be trying to make Chinse electric vehicle maker Li Auto look awkward once again.

Chinese EV trio - Nio, Xpeng Motors, and Li Auto have made the leap from 0 to 1 and have distinctive brand characteristics, and are now evolving rapidly on the intelligent track, an analyst said.

Li Auto, taking a page from Tesla, is giving its chairman and CEO Li Xiang options to purchase 108,557,400 Class B ordinary shares based on his performances.

They each aim to sell at least 5% of their enlarged share capital in Hong Kong. Based on their New York market capitalization on Monday, proceeds could total around $5 billion.

It's worth noting that the Chinese auto market is traditionally slow from January to February and that the Chinese New Year holiday during that period can make deliveries fluctuate.

Li Auto today announced a special finance package valid for the next month to further strengthen its leadership position of its sole model, the Li ONE, in the new energy SUV market in China.

"The introduction of the policy in Shanghai was within our expectation and was implemented even later than we anticipated," said Li Auto co-founder and president Shen Yanan.

Li Auto has passed the 0-1 stage and is now entering the 1-10 stage, with a high growth period starting in 2021, China’s top investment bank CICC said in a report released February 26.