Nio

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.

No one has really thought about how to design a phone around a car before, Li said.

Lens Technology has long supplied lenses and related glass components to Apple and is also a core supplier to Tesla.

The video of Nio launching the new EC6 features a phone showing the device with extremely narrow bezels and support for on-screen fingerprint unlocking.

The new EC6 starts at RMB 358,000, or RMB 288,000 under the battery rental purchase option.

The annual China International Import Expo, co-hosted by China's Ministry of Commerce and the Shanghai government, is the world's first import-themed national expo.

Nio has added 500 new battery swap stations in China so far this year, meeting half of its target for this year.