Nio

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.

Nio has added 285 battery swap stations in China so far this year.

Former Nio CFO Steven Feng has joined US-sanctioned surveillance camera maker Hikvision, after leaving the EV maker in early July.

The new mid-to-large-size SUV will be a key weapon in Onvo's drive to boost deliveries next year, a local media report said.

As of today, Nio has 2,589 battery swap stations in China and 92 in Hubei province.

Li Auto had 12,100 insurance registrations last week, Xpeng 4,500, Zeekr 5,200, Leapmotor 8,000 and Aito 8,700.