Lei Kang

China's passenger NEV penetration at retail stood at 38 percent in November, up from 37.8 percent in October.

CATL's share continues to rank first in the world and remains the only global battery supplier with a market share of more than 30 percent.

Li Auto is offering preferential loan rates to customers who buy its models before the end of the year, a rare public promotional move by the company in the past few years.

The proposal is based on Wang Chuanfu's confidence in China's NEV industry and the company's prospects, as well as his recognition of BYD's value to boost investor confidence, BYD said.

Luxeed launched its first model, the Luxeed S7, on November 28 as a direct competitor to the Tesla Model 3.

GAC Aion has entered the Cambodian automotive market in partnership with a local dealer, its second international market entry after Thailand.

In October, China's NEV penetration at retail stood at 37.8 percent, up 7.6 percentage points from 30.2 percent a year earlier.

The strategy of having a hybrid model as the third product is more of a practical move by Xiaomi to boost sales faster, local media said.

China's November wholesale sales of passenger NEVs are estimated at 940,000 units, up 29 percent year-on-year and up 6 percent from October, the CPCA said.

BYD's roll-on/roll-off car carrier Explorer 1 has completed its first 7-day sea trial in Yantai, Shandong province.