Nio

As of press time, Nio had fallen 12.21 percent to HK$47.54 per share, poised for its biggest single-day drop since April 7.

The catalyst for GIC's lawsuit against Nio was a short-selling report released in June 2022, which has since been refuted.

The delivery of Onvo's 100,000th vehicle is expected to be completed this weekend, bringing the brand's deliveries this month to 9,721 units.

The ES8 delivered 2,803 units in September, its highest since January 2019, making it Nio's third-highest selling model.

The Night Creature Special Edition Firefly EV starts at RMB 136,800 ($19,170), with deliveries set to begin on October 23.

Major EV makers saw a significant drop in insurance registrations in China last week, primarily due to the impact of the Golden Week holiday.

On October 1, Nio's single-day battery swap service reached 145,955, setting a new record high.

Nio has signed a dealer in Armenia, differing from its practice of appointing distributors in multiple other overseas markets.

Nio's head of AI platform, head of world model, and head of smart driving products have recently left the company, according to a local media report.

This marks the second consecutive month of record deliveries for Nio, bringing third-quarter deliveries to a record 87,071 units.