NIO

Tesla shorts lost more than the US airline industry which had experienced the worst year ever.

With the launch of NIO OS 2.8.0, the OTA capability of all NIO models has also been enhanced including both FOTA and SOTA.

With 5,205 insurance registrations in November, NIO is significantly ahead of the three major German luxury brands in China's high-end new energy passenger car market, surpassing the combined new energy vehicle sales of BMW and Audi, and ranking second only to Tesla.

Chinese EV maker NIO today announced plans to offer 60 million American depositary shares (ADSs), each representing one Class A ordinary share of the company. 

Tesla, XPeng, and Li Auto have all issued or announced plans to issue additional shares, leaving NIO the only major EV maker not having announced such plans as of Thursday.

Chinese carmaker Great Wall Motors is planning to launch a new premium smart electric car brand to compete with new Chinese car makers like NIO and Li Auto.

China recently announced a target of 20 percent penetration rate of new energy vehicles by 2025, and in the opinion of William Li Bin, founder, chairman and CEO of NIO, this target is actually a somewhat conservative one.

Automotive brands around the world are basically looking for supply chains in China, including Tesla, Toyota, and Volkswagen, which is a huge advantage for local brands, William Li Bin said.

The Li ONE, the only model of Chinese EV maker Li Auto, has accumulated 4,676 insurance registrations in November, making it the No. 1 SUV sold in China for the third consecutive month, according to the latest data.

Changan NIO is hiring for a number of positions in Chongqing, Nanjing and Shanghai as it aggressively pursues the development of its premium brand.