Nio will officially launch sub-brand Onvo on May 15, with the new brand's first model to go on sale in the third quarter and deliveries to begin in the fourth quarter, according to local media.
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The Chinese government will likely support Tesla's local testing of robotaxi, but has not yet completely approved the full rollout of its FSD driver assistance software, according to local media.
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The sequential increase in new orders for Nio in April was mainly due to lower prices for its BaaS battery rental service, according to Deutsche Bank.
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Li Auto delivered 80,400 vehicles in the first quarter, exceeding the upper end of its lowered guidance range.
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In the January-April period, Tesla China sold 283,043 vehicles, down 7.25 percent from 305,164 in the same period last year.
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Li Auto had 5,300 insurance registrations last week and Xpeng 1,400.
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BYD has been renovating its battery pack production lines in Anhui province and will supply smaller a battery pack for a version of Onvo's new EV, according to Reuters.
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Ehang completed a passenger-carrying demo flight of the EH216-S in the UAE, and the local debut flights of the EH216-F for high-rise firefighting and the EH216-L for air logistics.
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Onvo's website address is onvo.cn, and the text in the center of the page reads "First model L60, stay tuned."
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The head of the Onvo brand is Ai Tiecheng, a senior vice president at Nio who was previously general manager of WeWork Greater China.
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