Nio

Edison Yu's team has updated their list of Chinese EV startups they are bullish on, dropping WM Motor and adding Zeekr and Hozon Auto.

Nio said it is notifying holders of its 4.50 percent convertible senior notes due 2024 that they will have the right to require the company to repurchase all or a portion of such notes.

Nio ET7 will start locking in orders on January 20, 2022 and deliveries will begin on March 28.

Nio's December and four-quarter deliveries were lower than those of Xpeng and Li Auto, although its average vehicle sales price was higher than the latter two.

This table provides monthly delivery data for different Nio models.

Nio delivered 25,034 units in the fourth quarter, which was near the upper end of the previous guidance range of 23,500 to 25,500 units.

Individual consumers can receive a subsidy of RMB 11,340 for a model with a standard 75-kWh battery pack, or RMB 12,600 for a 100-kWh pack model.

As of December 31, Nio had 777 battery swap stations and 605 supercharging stations offering 3,404 charging piles.

Analysts say previous declines in Chinese stocks may be partly due to some institutions selling their worst-performing stocks at the end of the year, meaning the selling pressure may ease in the new year.

"Right now, we're scouring Norway, Denmark, Sweden, Germany, and the Netherlands for suitable locations to establish our Nio Power Swap stations," Nio said.