Nio

An in-depth analysis of Nio by an investor.

Nio's energy replenishment site including a second-generation battery swap station and 50 supercharging piles in Chongqing became fully operational on July 3.

The recent sharp rally in Chinese electric vehicle (EV) stocks has many cheering. In a research note released Thursday, Deutsche Bank explains why this is happening and what investors need to watch out for.

As of July 1, Nio has completed a total of 11 battery swap stations, 15 supercharging stations and 17 destination charging stations in the eight regions, it said.

Chinese electric car company Nio delivered a record 8,083 vehicles in June, up 116.1 percent from a year earlier.

Su previously worked at Huawei's HiSilicon chip unit, where he led the development of Huawei's Da Vinci AI chip architecture, and currently serves as president and chief architect of Huawei's automotive BU smart driving product line.

Nio will not launch models priced below RMB 300,000 ($46,460) in the short term, Qin Lihong said, adding that if a low-end product is launched in the future, it will perhaps be sold under a sub-brand.

As part of preparations for the ET7's production, Nio has added more than 110 robots to its first factory, bringing the total number of robots at the plant to more than 800.

Nio announced that 11 new battery swap stations went into operation in China today, the most in a single day.

Citi raised its price target on Nio by 23.5 percent, citing expectations for strong growth in the company's shipments.