ESG

He said Nio is involved in building a world-class smart electric vehicle industry cluster in Hefei, with the main purpose of achieving low-carbon and sustainable development.

Many car companies in China have announced support policies for customers in Henan province, which was hit by heavy rains and flooding, and Tesla is no exception.

After announcing an RMB 10 million ($1.55 million) donation to Henan province, which was hit by heavy rains and floods, Li Auto has developed a support plan for its customers there.

This includes RMB 25 million in cash and RMB 5 million worth of three industrial-grade drones and auxiliary equipment from Geely's Aerofugia specifically designed for disaster surveys.

BYD announced on Wednesday that the BYD Charitable Foundation donated RMB 20 million ($3.1 million) to the Zhengzhou Charity Federation for disaster relief emergency initiatives and post-disaster recovery work.

Xpeng Motors announced on Wednesday that it has donated RMB 15 million ($2.3 million) to the Henan Provincial Charity Federation for flood relief efforts.

Nio announced Wednesday that it has donated 15 million yuan ($2.3 million) to Henan Province to support local relief efforts.

Li Auto donated 10 million yuan ($1.54 million) to Henan Province through the China Charity Federation, the company said on July 21.

Under the agreement, Nio will provide Sansha with a fleet of smart electric vehicles and invest in charging and storage facilities.