Lei Kang

BYD today announced promotions focused mainly on models in its Dynasty lineup, aimed at encouraging owners of traditional fuel vehicles to switch to the company's NEVs.

BMW Brilliance and Mercedes-Benz will set up a 50:50 shareholding joint venture to operate a supercharging network in China.

Total investment in the plant will be about $65.9 million and the first phase is expected to be completed by July 2024.

The Deepal S07 and Deepal L07 received 6,452 pre-orders in the first 45 hours after the start of pre-sales, ahead of the start of formal sales.

The project will have an annual capacity of 720,000 power device products and 6 billion optical microelectronic products when completed.

The Seagull, the least expensive model under the BYD umbrella, sold 43,350 units in October, making it the second-highest selling BYD model.

China's retail penetration of NEVs was 40.5 percent from November 1 to November 26, and 34.9 percent year-to-date.

BYD was recognized by Munger in 2008 when Berkshire Hathaway became a significant shareholder in the company, the company said.

Geely Holding Group is one of China's largest car companies, operating in eight sectors and owning dozens of brands.

The Luxeed S7 is an all-electric mid to large-size sedan model with a starting price of RMB 249,800, or $34,920.