NIO

NIO is the best quality electric vehicle sold in China, ahead of the Tesla, according to a report released today by market research firm J.D. Power.

Chinese electric vehicle startup WM Motor has completed its Series D round of financing, led by Hefei Industrial Investment and Guidance Fund Co. with an investment of 1 billion yuan, according to the Beijing News.

GAC NIO, the joint venture between Chinese carmakers GAC Group and NIO, announced on September 16 that it is launching the GAC NIO Smart Mobility Ecological Fund in conjunction with Xin Ding Capital, with an initial fund size of $1 billion to provide financial and resource support for companies in the ecosystem.

As a major endorsement of the NIO-led battery swap model, Geely Technology Group announced its battery swap model for the first time at a press conference in Chongqing today, and plans to complete construction of 35 battery swap stations in the city this year.

A Shanghai court recently ordered a man, who published a false story late last year that Chinese EV maker NIO was negotiating a bankruptcy and liquidation with law firms, to pay NIO 300,000 yuan ($44,400) in damages and to publicly apologize for at least 90 days, according to Tencent Auto.

The body shop at the Anhui JAC factory of Chinese EV maker NIO is automated to a 97.5% level, allowing the body shop, which is capable of rolling out 20 complete vehicles an hour, to be operated by only a dozen workers, according to local media Anhuinews.com.

Zhejiang Founder Motor Co Ltd, one of the suppliers to Xpeng Motors, today announced that it has signed a framework agreement with Weiran Power, a subsidiary of NIO, to supply the latter with flat-wire motors.

Huawei is interested in taking a stake in Chinese new energy vehicle company Changan NIO , WeChat account HD-Auto said on Friday, citing sources with knowledge of the matter, adding that if this becomes a reality, Huawei may not necessarily fund it directly, but may invest through its funds.

BMW on Sunday unveiled the iX3, the first all-electric midsize SUV in the history of the BMW Group, and the first product to be sold to the global market with China as the sole manufacturing base.

Earlier this month, NIO released August delivery figures, with 3,965 units delivered for the month, up 104.1 percent year-on-year. Of these, 2,840 vehicles were delivered for the ES6 and 1,125 for the ES8.