Lei Kang

Almost simultaneously with Tesla, Xpeng announced a zero-down payment, up to five-year zero-interest financing to boost sales in the slow season.

Xiaomi EV said it's targeting 300,000 deliveries in 2025 and will continue to expand capacity in the new year.

Leapmotor aims to deliver 500,000 vehicles in 2025.

The bolts inside the motor controller of some of the cars may not be locked properly, which in extreme cases may lead to smoke and fire.

Retail sales of all passenger cars in China for the January 1-19 period were 1.05 million units, down 5 percent from a year ago and down 27 percent from a month ago.

BYD's first store in El Salvador showcases models including the Seagull, Yuan Up, Seal, Song Pro DM-i and Song Plus DM-i.

CATL currently has battery plants in Germany and Hungary, and last month announced plans for a new joint venture battery plant in Spain with Stellantis.

Yangwang officially launched the U9 on February 25, 2024, with the 2-seater model starting at RMB 1.68 million ($230,870).

The Mona M03 delivered 15,904 units in December, the fourth month over the 10,000 mark, contributing 43 percent of Xpeng's monthly deliveries.

China's BEV ownership stood at 22.09 million units at the end of December, accounting for 70.34 percent of the total 31.4 million NEVs.