Nio

Chinese EV maker Nio today released a video of the production inside its Hefei factory, allowing the outside world to witness how the Nio ES6 car is made.

Chinese EV maker Nio's mid-size electric SUV, the EC6, will be priced and launched during the Chengdu Motor Show, with deliveries scheduled for September, industrious media xcar.com.cn said citing unofficial sources.

Between June 10 and July 8, Tencent Holdings increased its stake in Chinese electric car maker Nio from 15.1 percent to 16.3 percent.

Nio was the brand with the most insurance registrations for all-electric SUVs in China in June, data released today by the China Automotive Technology Research Center showed. 

Nio China today received a 10.4 billion yuan ($1.48 billion) credit facility from six Chinese banks, further strengthening its financial status.

Chinese EV company Nio will receive a credit line of over 10 billion yuan ($1.4 billion) from six banks, according to Sina News.

Nio shares increased by 23.95% to $11.62 in early trading on Monday after the company reported that it delivered 10,331 vehicles in the second quarter, exceeding its previous expectations.

The first pre-production model of Nio's mid-size electric SUV, the Nio EC6, has officially rolled off the production line, marking another step forward to its mass production.

China's auto sales will see a drop of at least 10 percent in 2020 compared to last year, Nio founder, chairman and CEO Li Bin said at an event today.

Tencent bought 1.68 million ADSs of Chinese electric car maker Nio through its wholly-owned subsidiary, Yellow River Investment Limited, according to Nio's filing with the U.S. Securities and Exchange Commission.