Nio

An Nio investor explains why he believes Nio has a deep moat while Xpeng and Li Auto do not.

Nio will develop one phone per year, like Apple, but at a cheaper price than iPhones, William Li previously said.

One of the technical directions of Nio's battery R&D is LMFP batteries, and the technical route is similar to CATL's M3P batteries, according to local media.

Avatr Technology, previously known as Changan Nio, closed a new round of financing, increasing Changan's stake and decreasing both CATL's and Nio's shareholdings.

In the first half of the year, Shanghai was the highest-selling city for all Nio models.

Users from these four countries can start registering for the Nio App and can invite friends and earn points.

Consumers will be able to lock in their orders for the Nio ES7 starting at 20:00 Beijing time on August 2, with first deliveries expected to begin on August 28.

Nio is planning a third brand, and judging by the product definition and development, the first product will be an entry-level electric sedan in the RMB 100,000 ($14,820) class, according to local media.

Edison Yu's team sees a strong rebound for Nio in the next few months as it works through a casting parts issue.

Nio's power network covers all provincial administrative regions in the Chinese mainland, providing holistic power solutions to users, it said.