Lei Kang

Neta has already started production at its factory in Thailand and is building its third overseas plant in Malaysia.

The Neta L will be available in EREV and BEV versions and will feature CATL's ultra-fast charging-enabled Shenxing Battery.

In February, China's retail sales of all passenger vehicles totaled 1.092 million units, down 21 percent year-on-year and down 47 percent from January.

BYD's Brazilian production base complex will start production in late 2024 to early 2025, with an expected annual capacity of 150,000 vehicles per year in the first phase.

CATL's battery installations in January were 20.5 GWh, up 88.1 percent year-on-year, while BYD's were 7.4 GWh, up 34.4 percent year-on-year.

Nio reported mixed fourth-quarter results while providing a better than feared first-quarter outlook, said Deutsche Bank.

Zeekr will launch the Zeekr 001 and Zeekr X in the Philippines, with both models expected to begin local pre-sales and deliveries in the second quarter.

HiPhi said that the X, Y and Z series models that have been mass-produced were developed by the company itself, or jointly with supplier partners, and have its own intellectual property rights.

Pony.ai plans to set up a joint venture with South Korea's GemVaxLink in Seoul within the year, which will deploy a fleet of autonomous vehicles in Seoul in the initial phase.

February sales in China's auto market are expected to be the lowest of the year, the CPCA said.