Lei Kang

The Exeed Sterra ES is set to intensify competition in China's electric sedan sector and could also put Xiaomi, which is about to launch its first model, under more pressure.

China's retail penetration of NEVs was 38.7 percent in the December 1-17 period, and 35.3 percent year-to-date.

The battery pack, which is expected to be available in volume in the first quarter of 2024, will first be fitted to the Good Cat model of Great Wall Motor's Ora brand.

Nio has reached 2,292 battery swap stations in China and is close to reaching its target of over 2,300 by the end of the year.

Gansu was hit by a 6.2-magnitude earthquake late last night, which has killed 105 people and injured 186 others.

IM Motors is applying to the Chinese industry regulator for L3 product entry, with its models expected to be among the first to begin L3 self-driving pilots.

Last week BMW said it was licensed to test vehicles with L3 self-driving features in Shanghai.

Neta and LK Technology will jointly develop a die-casting machine in the 20,000-ton class, which is expected to reduce the manufacturing time of vehicle chassis from 1-2 hours to 1-2 minutes.

Xiaomi's EV unit will use proven technology, as well as invest ten times more than the industry, to ensure success, according to Lei Jun.

The Song L starts at RMB 189,800 and has received more than 28,000 pre-orders since pre-sales began on October 31.