Nio

That means an average of one Nio vehicle leaves the battery swap station with a fully charged battery every 10 seconds, the company said.

Nio has contacted Credit Suisse and Morgan Stanley to offer 5 percent of its total share capital in Hong Kong, the report said, citing sources who added that Nio could also go public in China's A-share market.

Under the five-year strategic cooperation agreement, the two companies agreed to cooperate in the construction of battery swap stations along the Beijing Capital Ring Expressway.

Chinese EV trio - Nio, Xpeng Motors, and Li Auto have made the leap from 0 to 1 and have distinctive brand characteristics, and are now evolving rapidly on the intelligent track, an analyst said.

At that time, He gave support to Nio despite the opposition of his friends and also invested a total of $300 million in Xpeng.

By Thursday's close, Nio's $46.03 stock price had essentially regained the $46.11 level it opened at on March 2, forming a perfect V-shape.

The analyst said Nio "is a leader and innovator in the premium automotive EV segment; it is domiciled in China, the largest and most prolific EV market globally."

For Nio, in addition to the consideration of replenishment speed, more importantly, it hopes that car owners can enjoy the benefits of battery technology progresses.

Even though the potential partnership between Nio and fossil fuel energy giant Sinopec has yet to be announced, leading Chinese securities media are already envisioning the prospect of Nio vehicles being able to change batteries at gas stations.

The patent, filed on April 27, 2017, relates to a wireless charging device and a method for switching its coils.