Nio

Nio Inc, including the Nio, Onvo, and Firefly brands, saw 4,730 insurance registrations in China last week, a 9.24 percent increase from the previous week.

Nio has signed a distributor deal with Greek company Motodynamics to sell Nio and Firefly brand vehicles in Greece, Cyprus, and Bulgaria.

Bagrin Angelov, who served as head of cross-border M&A at CICC for the past 10 years, has joined Nio as vice president of capital markets.

Nio said that it will continue to adhere to payment terms of 60 days or less, collaborating with partners to promote high-quality development of China's automotive industry.

Two Firefly product managers have set off from Berlin, Germany, and will travel through seven countries: Germany, Denmark, the Netherlands, France, Spain, Italy, and Austria.

Nio Inc, which includes the Nio, Onvo, and Firefly brands, saw 4,330 insurance registrations last week, a decrease of 19.63 percent from the previous week.

The ET9 delivered 682 units in May, bringing the combined deliveries over the past two months to 1,492 units.

Nio is recruiting distributor partner for Macau market, calling it a strategic upgrade in the city.

The battery pack will be based on Nio's in-house developed 4680 large cylindrical battery cells, with small-scale production expected to begin next year.

Onvo's partnership with Didi is not a company-level move, but rather an experiment by a regional team.