Lei Kang

The Tai 3 flash-charging edition hit the market with a starting price of 153,800 yuan ($22,300), featuring a 5-minute fast-charging capability.

In the overall passenger car retail market, Geely ranked first with a 14.1% share, while BYD ranked second with an 8.6% share.

The mass production of the Volkswagen ID.UNYX 08 marks an important milestone in Volkswagen's EV offensive in China.

Xiaomi EV delivered 20,414 cars in February, with the YU7 SUV contributing nearly 98% of total deliveries.

Both CATL and BYD saw their shares in the overall market decline in February, as smaller rivals gained ground.

China's February power battery installations dropped 24.6% year-on-year to 26.3 GWh, impacted by the timing of the Chinese New Year holiday.

Exports of passenger NEVs from China surged 124.7% to 269,000 units, providing a strong bright spot for Chinese automakers.

The move follows a similar recall by its sister brand Zeekr, as well as a recent settlement reached between a Geely subsidiary and a battery supplier.

Zeron raised 1.2 billion yuan ($175 million) from investors including a CATL-affiliated fund, Nio Capital, and Momenta.

If executed, it would mark the first executive share buyback since the company's secondary listing in Hong Kong in August 2021.