Nio

"It's very fast, and I looked at it yesterday and the plant has already started building the structural part," Li said.

The Nio App, which offers rich functionality in a simple interface, has won a new award for the Chinese electric vehicle company.

Nio will have to build 250 battery swap stations in the remaining 205 days of the year to meet its target, an average of one every 0.8 days.

Nio unveiled the ET7 sedan at the beginning of the year but never revealed the model's pre-order volume or sales target. Now, a document has revealed its sales target.

The change delayed Nio's average delivery time by four days. Excluding invoicing, Nio would have basically been able to go from order receipt to delivery in a little more than two weeks in May.

Nio announced plans to enter overseas markets a month ago, with Norway as the first stop. In the view of Deutsche Bank analyst Edison Yu's team, investors are currently underestimating Nio's potential in this aspect.

Late last month, a codename called "Gemini" sparked speculation that Nio would launch an entry-level model. Now, the company's executives have given their clarification.

Nio usually holds Nio Day at the end of the year or the beginning of the following year to launch its latest model and technologies. At the Nio Day 2020 on January 9, Nio unveiled its first flagship sedan, the Nio ET7.

The time to charge a 70 kWh battery pack from 20 percent to 90 percent can be reduced by about 10 percent, according to Nio.

"We believe that with the hardware specifications and the company's full-stack R&D capabilities, Nio is on track to reach industry leadership in autonomous driving," CICC said.