Nio

Nio had raised the price of daily battery upgrades for February a few days ago. February 10-17 is the Chinese New Year holiday.

The animated video showcases the Nio ES8's self-driving capabilities, zero-gravity seat, and elegance on the road.

There's no specific deadline for these discounts until the 2023 models are sold out. Nio will begin delivering 2024 models in March.

Alps will use a pure vision solution similar to Tesla's on its smart driving system to cut costs, according to local media.

Nio's move comes at a time of increasingly fierce price competition in China's EV market, which is also making model refresh cycles shorter.

In the January 1-14 period, Nio was 4,700, Xpeng 2,800, Li Auto 11,000 and Tesla 10,600 units.

Nio will raise the cost of battery upgrades on a daily basis by 76 percent between February 1-17, as it expects demand for upgrades to surge during the Chinese New Year travel rush.

Li Auto has opened 2 flagship retail centers in Shenzhen and Guangzhou, with the facilities in Beijing and Shanghai set to debut later this month.

The autonomous driving development and cockpit businesses of the Alps sub-brand are largely integrated with the Nio brand, with some businesses still operating independently, according to local media.

A new company called Zhongan Energy was launched today and it will build 1,000 battery swap stations with the support of Nio and two state-owned groups in Anhui province.