BMW

"China First" means that the local team will have enough independence to respond quickly to market changes and take Chinese customers' expectations into account at the product concept stage, BMW said.

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%.

In the past four months alone, Nio's deliveries reached 32,522 vehicles, comparable to BMW's NEV sales in the first nine months.

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.

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.

BMW announced Monday that it is deepening its partnership with State Grid EV Services, one of China's largest operators of charging piles, to provide owners with a better charging experience.

The high-voltage power battery will be used in the pure electric BMW iX3.