Nio's annual event, Nio Day, is expected to take place at the end of this month.
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Nio's annual event, Nio Day, is expected to take place at the end of this month.
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China has imposed restrictions on car production over the past decade amid concerns about overcapacity. Nio had previously been producing cars under JAC's qualification.
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As JAC's deal to sell its factory assets comes to a deadline, rumors that Nio will buy them and announce its own car-making qualifications are circulating widely on Chinese social media.
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The Yangwang brand sold 408 vehicles in November, while Fang Cheng Bao sold 626 vehicles.
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In November, BYD sold 30,629 NEVs in overseas markets, essentially flat from October but a new record.
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The two will build luxury smart connected EVs based on Huawei's smart car solutions, with product development under the overall responsibility of JAC.
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Nio delivered 15,959 vehicles in November, up 12.56 percent year-on-year and essentially flat from 16,074 in October.
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Xpeng delivered a record 20,041 vehicles in November, up 244.88 percent year-on-year and 0.19 percent from October.
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Xpeng delivered a record 20,041 vehicles in November, up 244.88 percent year-on-year and 0.19 percent from October.
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Li Auto delivered a record 41,030 vehicles in November, up 1.5 percent from October and up 172.91 percent year-on-year.
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