Nio

The Nio main brand delivered 15,159 vehicles in February, representing a 65.80% year-on-year increase.

The Nio main brand extended its 7-year low-interest financing plan through the end of March, while its Onvo sub-brand additionally introduced purchase tax subsidies.

The milestone comes less than a month after the model surpassed 60,000 deliveries on February 1.

Nio and Bosch will collaborate in areas including steer-by-wire chassis, battery management systems, powertrain systems, and autonomous driving perception modules.

Earlier this month, Nio issued a rare profit alert, projecting fourth-quarter non-GAAP operating profit between RMB 700 million and RMB 1.2 billion.

Several Chinese investors will inject RMB 2.257 billion ($330 million) into Nio's chip business, valuing the operation at about RMB 8.27 billion.

This brings the post-investment valuation of Nio's chip unit to nearly RMB 10 billion.

Nio crossed the 60,000-unit delivery milestone for its third-generation ES8 just on February 1.

Nio's daily battery swap volume hit new records five consecutive days from February 18 to February 22, peaking at 177,627 swaps.

Nio is experiencing a shortage of signal processing chips for the audio system in its ES8 SUV. Vehicles produced next month will utilize a short-term alternative solution.