Nio

If Nio is able to take advantage of this subsidy from Chongqing, its battery swap station construction costs in the city will be significantly reduced.

The two sides plan to cooperate in charging, battery swap facility construction, and charging resource sharing to create a charging experience that is "more convenient than refueling", according to Nio.

Nio's first ET7 sedan from Validation Build has rolled off the production line on May 13, marking another step closer to mass production of the model.

Hillhouse Capital is losing money on its investments in both Nio and Xpeng, and Xpeng in particular is causing more serious losses for it.

Every day at 6 p.m. is the moment when Nio users interact most frequently with NOMI, with the most common commands users use being playing music, navigating, and making phone calls.

Many people know Nio as an electric car company targeting the high-end market, but few know that the company also has big ambitions in lifestyle products.

Nio is actively reinforcing its business through infrastructure-related collaborations.

Nio was the top-selling brand in China's all-electric SUV market in April with a 23 percent market share, higher than Tesla's 17 percent, WM Motor and Xpeng Motors' 7 percent.

For Nio, the battery rental service BaaS (Battery-as-a-Service) was a major gamble on its fate. Now, as the model achieves initial success, it is becoming increasingly recognized.

SAIC will soon launch a "battery bank" to support the body-battery separation model, with a unified battery pack to be introduced by the end of this year or early next year.