The second phase is almost finished. When the third phase is completed, the factory can produce 1.32 million vehicles annually.
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The new XPeng P7 will be named P7i and will go on sale next week, when pricing information will be announced, according to local media.
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Toyota bZ3 is equipped with BYD's electric motor, electric control system and battery.
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NIO is looking to increase the use of its battery upgrade service as owner demand for driving trips increases with the arrival of spring.
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In the first two months, Tesla sold 140,453 China-made vehicles, up 20.71 percent from the same period last year.
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NIO's battery R&D team has now exceeded 800 people, with annual R&D investment expected to exceed RMB 1 billion, according to local media.
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In January and February, insurance registrations for passenger cars in China were down more than 25 percent from a year earlier, Li Auto CEO said, citing insurance registration data.
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This is a full-text translation from CnEVPost of NIO's March 1 earnings call.
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