Nio

A Weibo blogger has spotted the suspected Nio ET5 at the Nio factory location in Anhui, China.

Edison Yu's team noted that Nio had $7.3 billion in cash at the end of the third quarter, enough to allocate some of that to a medium-sized European plant.

While Xpeng and Li Auto outpaced Nio in third quarter deliveries, Nio had the highest revenue as its vehicles sold for the highest price of the three.

The core objective of this phase is to make the production line capable of mass production, at the end of which the ET7 will officially enter the final mass production phase.

Nio told CnEVPost that the company has no plans to set up a factory in Poland and that a previously circulated job ad was a technical error.

The company is 100 percent owned by Nio Auto Sales & Service Co which now owns 54 sales companies.

Sharing battery swap stations between Nio and its sub-brand is just the beginning, and more brands will join in the future to form the "Nio Inside" system, an industry insider said.

This is the third power replenishment line Nio has opened this week under the Power Up Plan, and at least the 15th so far this year.

Nio will enter at least five European countries next year, all offering NT2-based products.

As of November 26, Nio had 650 battery swap stations and 496 supercharging stations, providing 2,858 charging posts.