Nio

The camouflage-wrapped car has a few words on its rear window that mean it's better than Tesla's Model Y.

Those who have been looking to buy a Model Y lately can wait a little while, as Alps' first model is certainly cheaper, said Nio's William Li.

Nio Capital-backed EV-Tech and Nio will jointly develop products based on Nio's STEM Young high-voltage architecture, with deliveries to the Nio brand and Nio's second brand expected to begin in 2025.

Nio's latest NOP+ could be used outside of Greater China, further demonstrating its algorithm's ability to adapt to different traffic rules and driving scenarios, Morgan Stanley said.

The Chinese New Year holiday caused disruption, and potential customers' wait-and-see ahead of the 2024 models may also have had an impact.

Focus will mostly be on the gross margin, and Nio management's guidance for first-quarter deliveries are expected to be weak.

The opening of the facility marks the imminent start of production of ClearMotion1, an active suspension product that will be fitted to the Nio ET9, ClearMotion said.

In the February 1-25 period, Nio was at 5,100, Xpeng at 3,000, Li Auto at 16,200, BYD at 81,000 and Tesla at 24,300.

Nio will grant Forseven a worldwide license to use certain of the company's existing and future technologies related to or subsisting in the company's smart EV platforms.

China Southern Power Grid Energy Storage will work with Nio Power in areas including battery banks, battery swap stations, and virtual power plants.