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CnEVPost Newsletter: NIO ET5 touring spotted in China; Hedge Fund position changes
The NIO ET5 touring with a green exterior is seen for the first time. Yellow and blue versions of the model have already been seen in Europe, while the black version appeared in a regulatory filing in China.
Bridgewater reduced its holdings in NIO by 40.53 percent, XPeng by 25.98 percent and Li Auto by 54.69 percent in the first quarter.
CalPERS liquidated its position in XPeng in the third quarter of 2022.
Renaissance reduced its position in NIO by 0.16 percent, XPeng by 98.88 percent and Li Auto by 20.44 percent during the first quarter.
More past articles on NIO ET5 touring:
NIO is filming promotional videos for the ET5 touring in Norway, and leaked images show more details of the model.
The ET5 touring, the first of its kind to target the premium electric touring segment, may debut in Europe in June.
NIO management previously hinted that the NIO ET5 shooting brake could begin deliveries in China in July.
The ET5 shooting brake is being developed for European consumers and will debut in Europe in June or July, NIO's president previously said.
The shooting brake variant of the NIO ET5 will debut in Europe, where there is a large market for the model, according to Qin Lihong.
NIO will launch five models in the first half of next year, and by June there will be a total of eight available models, William Li previously said.
The shooting brake models were previously a niche market in China, but the unexpected success of the Zeekr 001 has made such models increasingly popular.
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