The ID. UNYX 07 is Volkswagen's first all-electric sedan equipped with the China-exclusive CEA architecture, starting at 109,900 yuan ($16,170) after limited-time benefits.

William Li said Nio will not exit overseas markets but will slow its pace and evaluate return on investment more cautiously.

Firefly's latest delivery milestone means the Nio sub-brand delivered 10,000 vehicles in less than two months.

The ES8 drove Nio Inc's continued profitability in the first quarter, with its single-month deliveries in May expected to top 10,000 units again.

Tesla changed the name of its FSD feature to Tesla Assisted Driving, saying the function will be "available later."

BYD's fleet of vehicles equipped with assisted driving has surpassed 2.99 million, generating over 190 million kilometers of driving data daily.

The potential investment by CATL comes as the company expands into new businesses.

The legal action comes as the company reports its second consecutive quarter of profitability and prepares to launch its flagship SUV, the ES9.

The CPCA expects China's May NEV retail sales to rise 12.0% month-on-month, with the penetration rate hitting a record 62.5%.

The 2026 Shenzhen Auto Show opens on May 29, with Xiaomi EV displaying its entire lineup, including the YU7 GT.