Nio

Nio opened a Nio Space in Dubai, its 439th globally, after opening a Nio House in Abu Dhabi last November.

By the end of January, 1000 additional 60-kWh battery packs are expected to be added to the battery swap stations available for Onvo.

Tuesday's earthquake in Tibet has killed 126 people, injured 188 and collapsed 3,609 homes.

For the full year 2024, Nio had 205,300 insurance registrations in China, ranking 5th among the new car-making brands.

Xiaomi had 4,600 insurance registrations last week, Li Auto 6,700, Xpeng 7,000, Zeekr 5,000, Leapmotor 4,300 and Aito 6,100.

Deutsche Bank analysts expect deliveries to double in 2025 for both Nio and Xpeng, with Li Auto growing 40 percent.

Nio completed its first battery swap station in Shenzhen on May 20, 2018, and reached 2,000 on October 26, 2023.

More promotion boosted December deliveries of the Nio brand, while the increase of Onvo was due to improving supply, said analysts at Deutsche Bank.

Nio Inc (NYSE: NIO) delivered a record 31,138 vehicles in December, including 20,610 vehicles under the Nio brand and 10,528 under the Onvo sub-brand.

William Li said Nio's single-month deliveries exceeded 30,000 units for the first time in December. The company is expected to announce specific figures in a few hours.