Lei Kang

The NEV segment fared better than the overall automotive market, while PHEVs outperformed BEVs.

The Sterra ET SUV is the second model in Exeed's Sterra lineup after the Sterra ES sedan, with a starting price of RMB 189,800 ($26,280).

Previously, companies including SAIC, Jiyue, Geely Automobile Holdings and Deepal have announced access to Nio's charging network.

The Qin L DM-i is expected to be priced around RMB 120,000 ($16,610) to RMB 150,000, according to local media.

M-Hero will soon export the M-917 off-road vehicle to the Middle East, which was previously launched in Switzerland.

Onvo's first model, the Onvo L60, will take on the Tesla Model Y, targeting the RMB 250,000 segment of the family-centric smart all-electric vehicle market, Nio said.

In April, China's retail sales of all passenger vehicles stood at 1.585 million units, down 2 percent year-on-year and 6 percent lower than in March.

The price range for BYD's Sealion 07 BEV will be RMB 200,000 ($27,700) to RMB 260,000, an executive said last year.

Leapmotor's chairman and Stellantis CEO will appear together at a joint press conference next week, where they will jointly announce the formation of Leapmotor International, according to local media.

Xpeng delivered 21,821 vehicles in the first quarter, slightly above the lower end of the guidance range of 21,000 - 22,500 vehicles.