On the way to catch up with Tesla, where did Nio, Li Auto and Xpeng spend their money?
The amount of money they are spending on capital expenditures speaks for itself and is a sign of confidence and ambition.
This is why Nio chose to issue additional ADSs
Nio said it will make the choice that is best for the company's long-term growth based on changes in the market in order to safeguard its long-term competitive advantage.
Nio is closer to entering overseas markets
Zhang Hui, general manager of Nio Germany, recently met with a Chinese diplomat in the European country and introduced Nio's overseas development plans.
Tesla shorts have lost $35 billion year-to-date
Tesla shorts lost more than the US airline industry which had experienced the worst year ever.
China's new energy vehicle market expected to grow at more than 30% next year
China's annual sales of new energy vehicles this year are expected to exceed 1.3 million units, an increase of nearly 8 percent.
Nio explains its improved OTA capability brought by Nio OS 2.8.0
With the launch of Nio OS 2.8.0, the OTA capability of all Nio models has also been enhanced including both FOTA and SOTA.
China's November new energy vehicle sales double year-on-year
Compared with the same period of the previous year, pure electric vehicle car sales grew at a year-on-year rate of 136.8%, and plug-in hybrid vehicle sales grew at a rate of 137.6%.
OPPO to launch Li ONE unlocking feature for Reno5 series phones
OPPO said it worked with Li ONE to create a seamless experience of "smart car connectivity", bringing the intelligence of cell phones and cars together in a truly seamless way.
Tencent files new patent for self-driving
Tencent recently added several new patents, one of which involves smart driving technology, meaning the Chinese social giant is also taking aim at this hot new industry.
Nio sees 5,205 insurance registrations in November, surpassing BMW and Audi's combined NEV sales in China
With 5,205 insurance registrations in November, Nio is significantly ahead of the three major German luxury brands in China's high-end new energy passenger car market, surpassing the combined new energy vehicle sales of BMW and Audi, and ranking second only to Tesla.