Nio

GAC Nio, a joint venture between GAC and Nio, will soon change its name and will likely not include the word "Nio," according to yicai.com.

Official media skepticism about the industry could be a major reason.

Carbon neutrality has been a hot topic of discussion among Chinese companies recently, with the A-share index for this sector having risen 30% this month. Now fossil fuel energy giant China Petroleum & Chemical Corporation (Sinopec) has also set their timeline for achieving this goal.

Nio will build charging stations and battery swap stations in some malls of METRO China.

JP Morgan's delivery estimates for Nio in the first quarter were 20,000, which the bank said: "our current forecast remains achievable and potentially conservative."

Nio and Xpeng Motors have submitted listing applications to the Hong Kong Stock Exchange, while Li Auto has not yet submitted an application, local media cls.cn said, citing sources familiar with the matter.

The first Nio destination charging station in Macau, which is also the electric vehicle company's 328th destination charging station, has been put into operation.

An unnamed Nio source told the China Securities Journal that the chip shortage exceeded previous forecasts, and it is still closely monitoring the supply situation and actively coordinating supply chain resources.

"We were informed that the equipment renovation of the production line will be done next week along with the Tomb-Sweeping Day holiday," the report quoted an Nio source as saying.

Nio expects to deliver approximately 19,500 vehicles in the first quarter of 2021, down from the previously released outlook of 20,000 to 20,500 vehicles.