Nio

The number of Nio models registered for insurance in China went up 94% year-on-year to reach 4,880 in October, with the ES6 and ES8 being the top two pure electric models in the ranking, the latest data showed.

According to the data released by Nio, Li Auto and Xpeng at the beginning of November, they delivered a total of 11,781 new cars in October, surpassing the average monthly sales record of China-made Model 3.

Four weeks ago, JP Morgan sharply raised Nio price target from $14 to $40, representing a 85% upside potential at that time.

Nio today announced the opening of its 159th battery swap station in China in Yueqing, Zhejiang Province.

With the increasing digitization of vehicles, the trend of "software-defined vehicle" has become unstoppable. Under the impact of the rapid iteration of new technologies, FOTA has become the focus of car manufacturers.

Beijing has issued temporary number plates to 87 vehicles from 14 companies, including Nio, BAIC New Energy, Baidu, and Daimler, for self-driving road tests, according to Xinhua.

Following the BaaS (Battery as a Service) announcement on August 20, Chinese electric vehicle (EV) maker Nio (NYSE: NIO)  announced the 100kWh battery pack on November 6, making it the second car company in the world, after Tesla, to release a 100kWh battery pack.

Short sellers in Chinese electric vehicle (EV) maker Nio (NYSE: NIO) lost $155 million on November 3, bringing their cumulative losses this year to $2.66 billion, according to data from financial analytics firm S3 Partners.

On November 6, Nio unveiled a higher capacity 100kWh battery in Beijing, allowing owners to get longer range out of their vehicles with a flexible upgrade program.

Recently, Shanghai has tightened restrictions on vehicles with license plates from other provinces and cities, making a large number of users start to consider buying new energy vehicles with local license plates, especially those from Tesla, Nio, and Xpeng.