Between March 16 and April 15, Li Mega owners who use Li Auto's supercharging stations to charge their vehicles will be rewarded with credits equal to the amount they pay per charge.
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Employees at Rising Auto are expected to be laid off by more than 70 percent, while the remaining employees are likely to get a pay cut, according to local media.
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Nio confirmed the Onvo name and said the brand's official launch is expected in early-mid May.
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Nio has dramatically restructured its BaaS battery rental option in an attempt to make its cars more attractive in the face of fierce price competition, though emphasizing that it's not a response to the ongoing price war.
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CATL will also plan and develop battery systems of longer service lives for Nio's upcoming models.
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The Xiaomi EV factory, which started construction in April 2022, has seen an increasing number of vehicles parked in the parking lot in the last ten days.
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Two camouflage-free spy shots of a model purportedly under Nio's second brand are circulating on social media today, with the rear end showing the vehicle's English brand name as Onvo.
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Speculation circulating on Chinese social media recently suggested that Nio may tweak its BaaS (battery as a service) battery rental service.
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That new version of the Xiaomi SU7 is a single-motor model with more weight, which could mean a larger battery pack and range.
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The refreshed BYD e2 starts at RMB 89,800, or $12,500, down from RMB 102,800.
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