Nio

The Nio main brand delivered 16,657 vehicles in October, down 18.14 percent from September. Onvo delivered 4,319 vehicles in October, up 419.11 percent from September.

Nio has ramped up its car-buying incentives for this month, including increasing the free NOP+ access to 3 years from the previous 2 years, hoping to capitalize on the end-of-year peak season.

Nio president said the Firefly brand will be launched on Nio Day 2024, continuing the pure electric technology route.

Prior to Nio Day 2024, Nio will celebrate its 10th anniversary on November 25, and the two events share a common theme: Together & Further.

Nio Firefly will use extended-range hybrid powertrain and the product is expected to be launched in 2026, according to local media.

Nio has recently been hiring in China to expand its Middle East team, offering positions at senior director and above, up to assistant vice president level, according to local media.

CYVN reached a non-binding agreement to acquire 100 percent of McLaren's automotive business from Bahrain's sovereign wealth fund Mumtalakat.

New order flow for the Nio brand is estimated at about 19,000 units in October, flat from September, but sub-brand Onvo is estimated at about 15,000 units in October, according to Deutsche Bank.

Nio's battery swap stations have achieved coverage of nine horizontal highways, seven vertical highways and 12 urban clusters, fulfilling part of a goal announced two years ago.

Li Auto had 11,300 insurance registrations last week, Xpeng 5,600, Zeekr 5,100, Leapmotor 8,500 and Aito 8,700.