Guidance

Nio says it will continue to build charging stations, battery swap stations, with the goal of making charging more convenient than refueling.

BYD expects to sell 600,000 pure-play EVs and 500,000-600,000 plug-in hybrids next year, corresponding to a market share of about 25 percent in China.

Li Auto is the latest company to lower its delivery expectations due to the Covid-19 outbreak in Malaysia affecting its supplier's chip supply.

Nio said that if supply chain problems do not worsen further, September deliveries could set another monthly delivery record.

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.

Despite continued supply chain challenges, chip and battery supply shortages don't appear to be affecting Nio as badly as expected, as the Chinese electric car company continues to give strong second-quarter delivery guidance.

It's the first time we've seen Nio publicly mention its goal for 2025. In addition, Nio CEO William Li said the company has more aggressive plans for battery swap station deployments.

Nio said reaching 500 battery swap stations this year was a conservative goal, so how is it going to exceed expectations? Today, that answer is revealed.

Nio also expects to release new initiatives for charging station service facilities, laying the groundwork for rapid growth in its user base, he said.

Nio's second-generation battery swap station has completed its validation work and started critical testing before deployment, which is expected to begin in April.