Smart and Sustainable Electric Mobility
Chinese NEV makers achieved less than half of their sales target by September. The worst achievement rate is 27.4%. And the highest is 71.2%.
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Nio delivered 21,181 vehicles in September, the second highest on record behind June's 21,209, and the Onvo L60 delivered 832 units in September.
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Nio is working with UK artificial intelligence software startup Monolith to test and improve battery packs in real time, with testing to begin soon in five European markets.
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New investment secured by Nio China reduced the immediate share dilution risk of Nio and is positive for Nio's share price, according to Deutsche Bank.
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Nio China receives RMB 3.3 billion in new investment from strategic investors in Hefei, and Nio will also invest RMB 10 billion to subscribe for newly issued shares in Nio China.
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Nio's sub-brand Onvo has promised that customers ordering L60s now will get deliveries within this year, saying that bottlenecks previously limiting capacity ramp-up are being quickly resolved.
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The Onvo L60 is currently only available with a 60-kWh battery pack, and deliveries of long-range vehicles with an 85-kWh pack are expected to begin in December.
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New order flow for Nio's main brand is estimated at around 20,000 units in September, flat from August, but new brand Onvo has received more than 30,000 non-cancelable orders, according to Deutsche Bank.
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Nio and Sinopec have entered into a charging services partnership agreement, after jointly building 279 charging and battery swap stations over the past three years.
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Li Auto had 12,000 insurance registrations last week, Xpeng 3,500, Zeekr 3,800, Leapmotor 6,300 and Aito 7,300.
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