Nio

On Saturday, Nio opened its 198th and 199th service centers in Wuxi and Beijing. On Sunday, it opened its 200th service center in Chengdu, where Nio will host the upcoming Nio Day to launch its first sedan on January 9.

GAC Nio did not immediately deny the news, only saying that it is not allowed to disclose too many details at this stage and there will be a formal disclosure in the next month that will involve a relatively large deal.

Nio also said that in order to alleviate the recent queues at battery swap stations, it has installed additional superchargers at almost all of the battery swap stations in Shanghai.

"There are a lot of cases in our portfolio companies where startups encounter various setbacks, and these setbacks vary. We walk entrepreneurs through that hurdle, and the next thing you know, you're on your way up."

The poster said that there are many service promises from peers, but few of them can be fulfilled in the end.

Nio, relying on such a huge market as China, undoubtedly has a most solid foundation to participate in global competition, said William Li.

William Li, the founder of Nio, shared his thoughts on founding Nio and his plans for the future in a recent talk at an event in Beijing.

Nio has won another first, this time in mobile app experience.

Nio said the underwriters will exercise their option to purchase the additional 10.2 million ADSs in full.

Capital market enthusiasm has driven the industry to over-valuation, the analysts say.