#CreatorPad According to the China Passenger Car Association, retail sales of passenger cars in July increased by 7.6% year-on-year but fell by 11% compared to June.

Nio continues to face difficulties: its sales dropped by 16% month-on-month to the lowest level since March. Nio's shares, however, rose by 8.6% on Friday after the launch of the Onvo L90 model, which analysts consider attractive in terms of price and equipment.