Nio

This will be Tesla's first presence at an auto show in China since April 2021, and Nio will exhibit the ET5 Touring at the event and will hold a brief press conference on June 16.

A fake rumor yesterday claimed that Mercedes-Benz will use Nio's battery swap network and will build its next-generation models based on Nio's standards.

From June 1-11, Nio sold 2,800 units, Tesla 26,000, Li Auto 11,900 and Xpeng 2,200.

Wait times for the Nio ES7 have gone from 3-4 weeks to about 3 weeks, the EC7 from about 5 weeks to about 4 weeks and the ET7 from 3-4 weeks to about 3 weeks.

The Nio ET5 Touring offers more trunk space while improving the high driver's seat that the regular ET5 was complained about. The key now is the price.

Nio has been discussing this adjustment internally for a long time, and as of 3 am today the Nio team was still working on it, William Li said.

Nio today announced that starting prices for all new models are reduced by RMB 30,000 ($4,200) starting June 12, and makes the battery swap service optional.

The ES6 is called the EL6 in Europe because of Audi's trademark lawsuit.

The launch event of the ET5 Touring will start at 19:00 Beijing time on June 15. Show cars are already available in Nio stores and deliveries in China will start on June 16.

Nio reported weak first-quarter underlying results but showed surprising Opex discipline to start the year and also presented a better-than-feared outlook for second-quarter sales, Edison Yu's team said.