Nio

Nio said it will acquire the manufacturing equipment and assets of the F1 and F2 plants from JAC for a total consideration of about RMB 3.16 billion.

For the week of November 27 to December 3, BYD's vehicle insurance registrations in China were 56,200 units.

Nio's annual event, Nio Day, is expected to take place at the end of this month.

China has imposed restrictions on car production over the past decade amid concerns about overcapacity. Nio had previously been producing cars under JAC's qualification.

As JAC's deal to sell its factory assets comes to a deadline, rumors that Nio will buy them and announce its own car-making qualifications are circulating widely on Chinese social media.

At the end of November, Nio's year-to-date deliveries stood at 142,026 units, up 33.14 percent year-on-year.

Nio is offering essentially the same car-buying benefits this month as it did last month, but with an additional 1 year of free NOP+ access for customers who have previously taken delivery of their cars.

As of November 30, Nio had 142 Nio Houses, 320 Nio Spaces, and 2,217 battery swap stations worldwide.

Steps being taken by Nio should bear fruit in the coming quarters, but a material improvement in the sales trajectory may take more time, Edison Yu's team said.

The video shows a Nio vehicle traveling to a battery swap station by driving autonomously and driving away after completing the automatic battery swap.