The move would mark the first time a major Western automaker relies on a Chinese company's vehicle architecture and software to support European models.

Earlier this month, Nio issued a rare profit alert, projecting fourth-quarter non-GAAP operating profit between RMB 700 million and RMB 1.2 billion.

Several Chinese investors will inject RMB 2.257 billion ($330 million) into Nio's chip business, valuing the operation at about RMB 8.27 billion.

This brings the post-investment valuation of Nio's chip unit to nearly RMB 10 billion.

This indicates Giga Shanghai currently has ample production capacity, with the order backlog largely cleared.

Nio crossed the 60,000-unit delivery milestone for its third-generation ES8 just on February 1.

The Hongguang Mini EV family sold 435,598 units in 2025, with cumulative sales surpassing 1.85 million units since its July 2020 launch.

Nio's daily battery swap volume hit new records five consecutive days from February 18 to February 22, peaking at 177,627 swaps.

This marks Tesla's second extension of its 7-year low-interest financing plan this year, following its unconventional launch of the promotion on January 6.

BMW and CATL will launch pilot projects for trusted data exchange and carbon footprint accounting under the Battery Passport framework.