Nio

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.

This will be the second time Nio uses a new launch format to introduce a new product, following the launch of its ET5 Touring in June.

Wait times for the Nio ES8 have been shortened from 6-7 weeks to 5-6 weeks, the EC7 has been shortened from about 4 weeks to 3-4 weeks, and the ET5 and ET5 Touring have both gone from about 3 weeks to 4-5 weeks.

Nio approached a leading local dealer group in the first half of this year to do some explorations for introducing a dealer model for its sub-brand Alps, according to local media.