Nio and the CYVN entities will work together on strategic collaborations in international business and technology partnerships, the EV maker said.
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Nio sold 54,561 units in the January-June period, placing it in 10th place with a 1.8 percent share in the first half of the year.
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The Nio ET5 and ES7 -- known as the EL7 in Europe -- both earned the highest five-star rating in the latest Euro NCAP safety tests, following the ET7 sedan.
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Goldman Sachs believes the market has yet to fully reflect the potential of the G6, with the model ranking No.1 among comparable models, and which is the most competitive product released by Xpeng to date.
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Amid positive sector sentiment, investors are inclined to take opportunities on laggards like Nio to play the catch-up, Morgan Stanley said.
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Based on its latest plans, Nio has slowed down some of the equipment purchases for its battery factory, according to local media.
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