### Recent NIO News Updates
Here are the latest updates and developments regarding NIO:
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**1. CATL Eyes Stake in Nio Power**
NIO’s Hong Kong shares increased by 8.6%, reaching HK$26.60, following news that CATL, a key battery supplier, is negotiating for a controlling stake in Nio Power. This subsidiary, which operates over 3,000 battery-swapping stations, is attracting investments as CATL and NIO aim to deepen their strategic relationship and further expand the global battery-swapping network. CATL’s interest is part of a broader push to dominate the green energy landscape in China[2].
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**2. NIO Completes HK$4.03 Billion Share Offering**
NIO successfully issued 136.8 million Class A ordinary shares priced at HK$29.46 each. This new funding is likely to support operations and expansion plans, reaffirming the company’s commitment to growth amid tough competition in the electric vehicle (EV) market[3].
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**3. Delivery Milestone: Over 42,000 Vehicles in Q1**
NIO delivered a total of 42,094 vehicles in the first quarter of 2025, marking a 40.1% year-over-year increase. March alone contributed 15,039 deliveries, representing steady growth in both its primary and sub-brands, such as the recently launched Onvo[4].
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**4. NIO Reaches 70 Million Battery Swaps**
The company announced its battery swap stations have achieved over 70 million cumulative swaps. This milestone comes amidst plans to expand its battery-swapping infrastructure, including the construction of 100 new stations in the Chinese city of Changsha[3].
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**5. NIO ET9 Sedan and Sub-Brand Models**
NIO began deliveries of its flagship ET9 sedan, with the first unit personally delivered by CEO William Li. Additionally, the Onvo sub-brand is gearing up to unveil the L90 model after completing winter testing, while the Firefly sub-brand prepares to launch its first vehicle with multiple color options later this month[3].
These updates highlight NIO’s strategic expansions, strong delivery performance, and innovations in battery-swapping technology as it continues to navigate the competitive EV market.