Nio

This is the second such partnership Nio has struck in the past few days as it continues to push forward with the construction of battery swap stations.

Nio saw its cumulative battery swap service exceed 70 million, less than four months after passing the 60 million milestone.

Nio's sub-brand Firefly said its first model will have five body color options and provided English names.

William Li talked about the reception of Nio's share placement, and said the company's in-house developed autonomous driving chip and operating system are open to the entire industry.

The first owner of the ET9 is Fang Hongbo, chairman of Chinese home appliance giant Midea, and his car was delivered personally by Nio's William Li.

Nio priced its new share offering at HK$29.46 per share, a 9.49 percent discount to Thursday's closing price in Hong Kong, for a total offering amount of HK$4.03 billion.

Nio plans to issue up to 118,793,300 class A ordinary shares in offshore transactions outside the US to non-US persons.

Nio has teamed up with Future Science City Group in Beijing to jointly build 100 battery swap stations.

Nio brand will launch a highly anticipated model in the fourth quarter, and Onvo will also begin deliveries a new model in the fourth quarter, which may be called the L80.

The Firefly project was set up with a view to the global markets, not just a single market, Firefly president said.