Audi

Audi believes that by 2030, sales of EVs could reach 2 million units in the high-end luxury car market.

It's not the first time in history that traditional brands have been hit by innovators.

This article explains why Mercedes-Benz, BMW, and Audi have suffered a spectacular defeat in China's EV market.

Nio's average sales price in September was RMB 47,500 higher than the average price of high-end brands, and RMB 41,600 higher than BMW.

Year-on-year sales performance in Sept: Tesla Model 3 up 68.8%, Nio ES6 up 63.9%, Nio EC6 up 21087.5%, while BMW 5 Series down 21.3%, Mercedes-Benz E-Class down 52.6%, Audi A4 down 53.4%.

FAW-Audi is currently producing for several days and then taking several days off because of a severe chip shortage, with the A6L production scheduled for just one day in September, cls.cn said Tuesday.

The BMW iX3 had 9,171 insurance registrations in China from January to July, the Mercedes-Benz EQC had 3,472 and the Audi e-tron had 790. Their combined number of 13,433 is 27 percent of Nio's.

At a time when China's electric vehicle industry is growing rapidly, foreign brands, with the exception of Tesla, seem to be lagging behind across the board, especially Audi.

Current daily Nio share price fall is irrational & illogical with all facts pointing to Nio fully utilizing One Million EV Capacity of NeoPark in a year.

Xpeng delivered 6,565 units in June including 4,730 units of the P7. By comparison, the Audi A4 sold 9,201 units in China in June.