Nio

Nio showcased the EP9, Formula E, and the three production cars, ET7, ET5, and EL7, ready to arrive in Europe, in the show car area at the event.

Considering the potentially prolonged litigation with Audi, Nio has decided to use the EL7 model name in Europe for now in order to avoid affecting the interests of customers in Europe.

Nio's move appears to be a response to a previous lawsuit from Audi, as it enters the home turf of the luxury brand owned by Volkswagen.

Nio delivered a record 31,607 units in the third quarter, slightly above the low end of its previous guidance range of 31,000-33,000 units.

It is worth noting that Nio has not yet officially announced the pricing of the ET7 in Europe, and it is unclear whether the prices currently shown are the final version.

Nio has not announced the number of first deliveries of the ET5, and they are expected to be known tomorrow in the company's expected release of September delivery figures.

The electric vehicle maker will pay $7.7 million up front and up to $80 million more for a stake in an Argentine mining project in its tie-up with Greenwing Resources.

Nio has put 13 new battery swap stations into operation in China in the past two days ahead of the Chinese National Day holiday travel peak.

Nio will officially enter Germany on October 7. Over the next few days, the company will conduct final testing and calibration of the battery swap station.

Soaring energy costs are an obstacle to Nio's rollout of battery swap stations in Europe, and slower-than-expected planning approvals are also hindering the rollout.