Lei Kang

The sodium-ion battery-equipped model has a battery pack capacity of 23.2 kWh, a CLTC range of 230 km, and can be charged from 10 percent to 80 percent in 20 minutes.

BYD has started construction on its sodium-ion battery facility in Xuzhou, Jiangsu province, with a total investment of RMB 10 billion and a planned annual capacity of 30 GWh.

China's retail penetration of passenger NEVs was 39.6 percent in December and 35.7 percent in 2023, according to preliminary CPCA data.

Preliminary estimates show that for the full year 2023, China's wholesale sales of passenger NEVs were 8.88 million units, a year-on-year increase of 38 percent, according to the CPCA.

For dealer stores that meet their sales targets, BYD will give them a reward of RMB 666 for every vehicle they have sold, according to local media.

Aito said it is ramping up delivery capacity, which is expected to top 30,000 vehicles in a single month beginning in 2024, as it secures more than 120,000 firm orders for the new M7.

Leapmotor will showcase its in-house developed technologies at an event on January 10, when pre-sales of its first global model, the C10, will begin.

Owners of vehicles with purchase invoice dates on or after January 1, 2024 will only be eligible to buy out the battery packs after one year.

Customers who buy the Frigate 07 between January 1 and January 31 will get a discount of RMB 18,000, which is up to RMB 7,000 for the Seal series.

For the full year 2023, Zeekr delivered 118,685 vehicles, a 64.98 percent increase year-on-year.