Lei Kang

Nio also added 32 new supercharging stations and 13 destination charging stations in China today.

In the first four weeks of August, China's NEV retail penetration was 39.67 percent, while it was 33.70 percent year-to-date.

While Li Auto claims that it is offering the insurance subsidy to celebrate the milestones in the deliveries of its L-series models, it is more likely to be an effort to maintain current sales momentum.

A total of 29 percent of Xpeng G6 owners compared the Tesla Model Y and 9 percent compared the Nio ES6 when purchasing the car.

The acquisition will expand BYD Electronic's customer base and product boundaries and broaden its smartphone components business, BYD said.

Qiyuan's product matrix will include the A-series, Q-series, and E0-series, with four models to be released within this year, including the A05, A06, A07, and Q05.

The Nio phone will be officially launched in late September and will be a flagship Android-powered phone that is very recognizable from the back, according to local media.

Nio has added 395 new battery swap stations in China so far this year, and it aims to add a total of 1,000 this year.

The Mona project will be the start of a second, or even third, brand for Xpeng, which will be predominantly aimed at general customers but also corporate customers, Xpeng's CEO said.

The Mona project will be aimed at both corporate and general consumers, but it's uncertain whether Xpeng will create an entirely new channel for the project, according to local media.