Nio

The Yangjian chip will allow Nio to save about $100 per vehicle and recover its development costs in about a year, William Li said.

The Nio Phone is a phone built around Nio's vehicles, offering an interaction with the vehicle that no other device can offer. The phone will begin shipping on September 28.

Nio's first smartphone will feature a 6.8-inch Dynamic AMOLED 2X display from Samsung Display, for which the company has orders for just 50,000 pieces, according to local media.

The $500 million 2029 notes bear interest at a rate of 3.875 percent per year and the other $500 million 2030 notes at 4.625 percent.

Between September 1 and September 17, Li Auto was 20,100, Nio was 9,900 and Xpeng was 6,900.

Nio will hold a launch event on September 21 from 11 am to 12 pm Beijing time to unveil a new mobile internet product, and it's expected to be its first phone.

Nio seeks to price its 2029 notes at a coupon rate of 3.5 percent to 4.0 percent and its 2030 notes at a coupon rate of 4.25 percent to 4.75 percent, according to Bloomberg.

Nio plans to use a portion of the net proceeds to repurchase certain existing debt securities, with the remainder to be used primarily to further strengthen its balance sheet position and for general corporate purposes.

The new EC6, like the ES6 and EC7, has an expected delivery time of 3-4 weeks, the shortest in Nio's product lineup.

Nio's in-house developed first-generation chips will be based on the 7 nm process and include a smart cockpit chip, an autonomous driving chip, and other chips including a CMOS image sensor chip, according to local media.