Nio (NYSE: NIO) was at 4,200 last week, Xpeng (NYSE: XPEV) at 4,700 and Tesla at 14,000.
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"While management still has a long way to go in restoring creditability among investors, this should be viewed as a meaningful step in the right direction," Edison Yu's team said.
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The vlogger was ordered to post apologies on his Douyin account for 90 consecutive days and to compensate Nio for financial losses totaling more than 600,000 yuan in a first instance ruling.
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"My goal, and my commitment to this company, is I want all of us to buy a Nio car from our personal paycheck one day," Nio US CEO Ganesh Iyer said.
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Most of Nio's businesses will see layoffs, with the battery and phone businesses likely to be adjusted the most, according to local media.
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Nio said it will improve resource efficiency and defer or cut investments in projects that do not contribute to the company's financial performance in three years.
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The EC6's contribution to Nio's sales is modest, but the actor's move to buy the coupe SUV is an endorsement of the model and the Nio brand.
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Nio delivered 16,074 vehicles in October, up 2.77 percent from September and up 59.8 percent year-on-year.
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As of October 31, Nio had 139 Nio Houses, 314 Nio Spaces and 2,079 battery swap stations worldwide.
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Between October 1 and October 29, insurance registrations were 14,100 for Nio, 15,200 for Xpeng, 36,800 for Li Auto and 27,300 for Tesla in China.
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