Nio

Shen Fei, head of Nio Power, replaces Ai as president of Onvo and reports to Nio co-founder and president Qin Lihong.

The monthly deliveries included 10,219 vehicles from the Nio main brand and 4,820 vehicles from the Onvo sub-brand.

Nio Inc continues to offer five-year, zero-interest financing for car purchases in April, covering both the Nio and Onvo brands.

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.