Lei Kang

This is four years and eight months after GAC Aion's first vehicle rolled off the production line in April 2019.

China's passenger NEV retail sales stood at 7.375 million units so far this year, up 34 percent year-on-year.

Xiaomi EV has released images of its first model, the SU7, showing off exterior details, 2 hours before its first major launch began.

Nio said it and CYVN, as well as their respective subsidiaries, will continue to work closely together in pursuing strategic and technological collaborations in international markets.

Aito plans to launch a new model, the M8, in 2024, when it will have at least four models on sale, according to local media.

Xiaomi SU7 price is not yet finalized, but it does seem a bit expensive, Lei Jun said.

Available in both EREV and BEV versions, the Aito M9 is expected to compete with Li Auto's Li L9 and Nio's ES8.

While Tesla made cars mobile computing terminals, the automotive industry's new mission now is to create mobile smart spaces, and that's what Xiaomi's car-making is coming for.

ET9 adds two Robin W medium-range wide-angle LiDARs for the first time, in addition to one Falcon ultra-long-range LiDAR. Nio's fourth-generation swap station will feature six Robin W LiDARs.

Xiaomi CEO said the event will be about technology only and not products, meaning the Xiaomi SU7 could still be a while away from an official launch.