Nio

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.

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.