Lei Kang

China's NEV sales declined significantly in the first three weeks of February, mainly due to the Chinese New Year holiday.

Buick has become the latest to join the price war, with significant price cuts for all four trims of the Electra E4.

From February 8-17, Li Auto owners drove 74.73 million kilometers with the AD assisted driving system turned on, including 49.54 million km of NOA mileage.

Deepal has lowered the starting price of the SL03 BEV by RMB 7,000 and is offering customers an additional RMB 10,000 cash discount.

Gotion plans to set up the institute with Hong Kong-listed Envision to conduct research on battery energy storage system technologies and business models.

Li Auto will launch its first BEV model, the Li Mega, as well as the 2024 L-series EREVs at the event.

To date, BYD has more than 90,000 R&D engineers and has filed more than 48,000 patents worldwide, according to an announcement.

China's NEV penetration at retail was 32.8 percent in January, down 7.5 percentage points from 40.3 percent in December.

As a comparison, CATL and BYD's shares in 2022 were 36.2 percent and 13.9 percent, respectively.

CATL's share of China's EV battery market increased by 4.93 percentage points in January from December, while BYD's share decreased by 4.37 percentage points.