Nio

This indicates that Onvo has delivered at least 9,721 vehicles this month as of today.

The limited-edition Nio ET5 Touring starts at RMB 316,000 ($44,370), which is RMB 18,000, or 6.04 percent, higher than the standard version.

"This matter is not a newly occurring incident, nor is it directed at Nio's recent operational performance," Nio said in a response shared with CnEVPost.

As of press time, Nio had fallen 12.21 percent to HK$47.54 per share, poised for its biggest single-day drop since April 7.

The catalyst for GIC's lawsuit against Nio was a short-selling report released in June 2022, which has since been refuted.

The delivery of Onvo's 100,000th vehicle is expected to be completed this weekend, bringing the brand's deliveries this month to 9,721 units.

The ES8 delivered 2,803 units in September, its highest since January 2019, making it Nio's third-highest selling model.

The Night Creature Special Edition Firefly EV starts at RMB 136,800 ($19,170), with deliveries set to begin on October 23.

Major EV makers saw a significant drop in insurance registrations in China last week, primarily due to the impact of the Golden Week holiday.

On October 1, Nio's single-day battery swap service reached 145,955, setting a new record high.