Lei Kang

That's because Svolt's operations in its home market in China are already struggling, and it can't afford to handle overseas factories that require a lot of capital, according to Caixin.

In October, retail sales of passenger NEVs in China are expected to be at 1.15 million units, up 49 percent year-on-year and up 2.4 percent compared with September, according to estimates released today by the CPCA.

Pony AI has also entered into a partnership with Luxembourg-based mobility company Emile Weber, with the two working together to promote the development and deployment of autonomous vehicles and technologies.

Xiaomi's phase 2 EV plant is expected to complete construction of the main structure by the end of this year and is scheduled to be fully built by June 15 next year, according to local media.

China's NEV retail sales slowed last week, dragging down the month-to-date performance.

Zeekr delivered a record 55,003 vehicles in the third quarter, up 51.13 percent year-on-year and up 0.35 percent from the second quarter.

Changan Nevo has launched the E07 SUV, which can transform into a pickup truck, in an attempt to cater to a demographic with a need for electric pickup trucks at a time when there are restrictions on such models in China.

BYD has launched the Han EV and M6 MPV in Vietnam, following the launch of the Dolphin, Seal, and Atto 3 in July.

Deepal has launched the S05 compact SUV, its latest model after launching the S07 SUV on July 25, available in BEV and EREV variants.

BYD has launched the Seal 06 GT with a starting price of RMB 136,800 ($19,260), calling it the first GT (Grand Tourer) model for young people.