Lei Kang

Xpeng's Hong Kong-traded shares rose more than 14 percent to HK$51.80 at press time, giving it a 30 percent gain for the week.

Western Europe is a traditional stronghold for international carmakers, and it's difficult for Chinese brands to stand out, TrendForce said.

GAC Aion will set up its Southeast Asia headquarters in Thailand within this year, with local production in the country in active preparation, it said.

GAC Aion sold 271,156 vehicles for the full year 2022, and the latest target implies an 84.4 percent increase.

Retail penetration of NEVs in China was 36.92 percent from June 1 to June 25, and 32.50 percent year-to-date.

Kia has not yet announced pricing for the EV6 in China, which starts at $42,600 in the US.

Deliveries of the new Nio ES8, which starts at about $68,900 including the battery, will begin later today.

The Qiyuan A07 is a mid to large-size sedan that will be offered in BEV and EREV versions, a previous regulatory filing shows.

GAC hopes Gove will be part of its integrated mobility solution in the future.

The Denza N7 targets the market for conventional internal combustion engine vehicles priced around RMB 400,000.