Lei Kang

BYD held a brand and product launch event in Italy, introducing the BYD Atto 3, Han, Dolphin and Seal to local consumers.

The price of the Li L9 without LiDAR could be at least RMB 40,000 less than the Li L9 Max at RMB 459,800.

From June 16 to June 30, Chinese consumers can receive an RMB 8,000 insurance subsidy if they purchase a rear-wheel drive version of the Model 3 that has already been produced.

At present, 89 percent of the new energy heavy trucks are pure electric models, and half of them support battery swap.

Only about 2 months ago on April 13, Buick launched the Electra E5 SUV -- its first model based on GM's Ultium platform -- in China.

From June 1 to June 11, retail sales of all passenger vehicles in China were 425,000 units, down 10 percent year-on-year and down 25 percent from the same period last month.

The Denza N7 will hit the market later this month, with deliveries set to begin in July, targeting a market in the RMB 400,000 range.

Voyah will raise a Series B round next and has plans for an initial public offering, its CFO said.

The deal accounts for over half of the more than $10 billion in investments signed on the first day of the Arab-China business conference in Riyadh on Sunday.

There were rumors over the weekend that Tesla FSD would be running in Shanghai on a pilot basis, but this was denied.