Nio

The move puts Nio more in line with the criteria for listing in Hong Kong, where Xpeng Motors made a similar arrangement ahead of its July 7 listing.

The Power North plan is Nio's initiative to improve the electric vehicle experience for customers in northern China, announced at the Shanghai auto show in late April.

Nio's new battery swap station in Hangzhou is its third second-generation station in the region and the company's ninth there.

Nio started pushing the mystery box to owners on its app on July 7, and the 10 luckiest users got to decide the battery swap station construction area. Now the first lucky winner has appeared.

For car companies, insurance registrations are data that more accurately reflect sales, and this data for Nio, Xpeng Motors, and Li Auto in June reveals something interesting.

Nio's EP9 supercar demonstrated its technical prowess and laid the groundwork for it to build a high-end image among consumers. Now, on top of the regular version, the model seems to be getting a convertible version.

Nio users have driven more than 200 million kilometers with Nio Pilot, the electric car company's automated assisted driving system.

US-listed Chinese business and financial information provider 36Kr Holdings recently announced that the audio segment it created with Nio's interactive sound community, Nio Radio, has come to Nio vehicles.

Yu's team believes that as investors better understand this dynamic, there will be more interest and money flowing into China EV stocks.

Li Auto topped China's new car makers with 7,827 insurance registrations in June, surpassing Nio's 7,777.