Nio

As of today, Nio's battery swap network has achieved coverage of six vertical highways, four horizontal highways and eight city clusters in China.

Nio has provided 5 million battery swap services in the last 102 days, meaning an average of about 50,000 services per day.

Li questioned why Chinese companies face hurdles in selling high-tech cars to US consumers, while Tesla's Musk was given the red-carpet treatment by senior Chinese officials last month.

Nio and the CYVN entities will work together on strategic collaborations in international business and technology partnerships, the EV maker said.

The Nio ET5 and ES7 -- known as the EL7 in Europe -- both earned the highest five-star rating in the latest Euro NCAP safety tests, following the ET7 sedan.

Amid positive sector sentiment, investors are inclined to take opportunities on laggards like Nio to play the catch-up, Morgan Stanley said.

Based on its latest plans, Nio has slowed down some of the equipment purchases for its battery factory, according to local media.

NOP+ has achieved full coverage on Beijing's city ring roads, including the 2nd, 3rd, 4th and 5th ring roads, as well as fast roads and highways, Nio said.

Deliveries are usually relatively slow at the beginning of the month, and Tesla's pattern is to produce cars for export in the first half of the quarter and for the local market in the second half.

The Nio ET5 and ET5 Touring sold 2,479 and 1,339 units in June, contributing 23.15 percent and 12.51 percent of deliveries, respectively.