The Duck Curve#nio
Leapmotor hits 106,127 in October as NIO and Li Auto deliveries fall
Leapmotor delivered a record 106,127 vehicles in October 2026 and XPeng a record 50,237, while Xiaomi reported more than 50,000. NIO's 34,246 and Li Auto's 29,025 were down about 15% and 9% from October 2025 by our arithmetic; Geely's Zeekr brand rose about 52% to 32,483.
Geely agrees to take 30% of NIO Power for Yiyi Power plus RMB640 million
NIO Inc. said in a Hong Kong Stock Exchange filing on September 28, 2026 that, subject to closing conditions, a Geely Holding Group subsidiary will subscribe for newly issued equity of NIO Power with its 100% stake in Yiyi Power plus RMB640 million in cash, holding 30.0% at completion at a post-money valuation of approximately RMB16 billion; NIO China keeps a controlling 63.6%. Under the same conditions, NIO China will take 10.0% of Geely's charging arm, Haohan Energy. The filing calls plans for battery swapping on Geely consumer-facing models and commercial mobility businesses preliminary.
