Nio

Some buyers would naturally be concerned about the residual value of a new brand, and a monthly subscription option allows customers to try out the cars, according to Edison Yu's team.

The models ahead of the Nio ET7 are all traditional internal combustion engine cars, mainly from German luxury brands BMW, Mercedes-Benz and Audi.

Nio planned to enter the US market by the end of 2025, but current US policies are complicating things, according to William Li.

NEV insurance registrations by major automakers in China fell in the first week of October due to the National Day holiday.

The model will be a coupe SUV that may feature Nio's previously patented electric rear wing, according to local media.

Nio has underestimated the enthusiasm of many users for buying its cars, and the company is open to the buy option and will prepare further, Li said.

Nio's chip team is developing high-level self-driving chips and LiDAR chips, with self-driving chips likely to start being used in production vehicles as early as around 2024, according to local media.

While 20 percent of European consumers still want to buy and own vehicles, Nio is still early in its operating model and wants to reach the other 80 percent first, Li said.

Nio introduced three of its latest models -- the ET7, EL7 and ET5 -- to European consumers, but the model that only allows leasing rather than buying has generated a lot of discussions.

Nio is holding the Nio Berlin 2022 European product launch event, and CnEVPost will be covering the event via live text feed.