Nio's shared battery packs will be the next generation of mass-market battery packs that support ultra-fast charging, and the battery swap experience for Nio customers will only get better, William Li said.
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Li Auto is ramping up its efforts to develop chips in-house, working on both an AI inference chip for smart driving scenarios, and a SiC power chip for driving motor controllers, according to local media.
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Nio delivered 55,432 vehicles in the third quarter, slightly above the lower end of the guidance range of 55,000 to 57,000 vehicles.
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For the week of November 1-19, Li Auto was 25,400, Nio was 9,400, Xpeng was 10,400 and Tesla was 39,300.
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Nio and Chongqing Changan Automobile signed a battery swap business cooperation agreement in Chongqing, the Chinese electric vehicle (EV) maker announced.
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Shandong Weida was up 6 percent in Shenzhen at press time, and up about 20 percent over the past month.
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Tesla has raised the Model Y Long Rang's starting price in China by RMB 2,000, the fourth price hike in the past month, although the moves are for different models.
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For orders placed from November 21, the expected delivery lead time for the two lower-priced versions of the Bao 5 is around 4-6 weeks, while the highest-priced version will be delivered from January.
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Nio will share its next-generation battery pack standard, the 800 V high-voltage, fast battery swap platform, with the entire industry, said William Li.
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Nio is set to announce the first company that will use its battery swap system on November 21, and the company is in talks with four to five other companies for similar partnerships, said Nio CEO William Li, according to local media.
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