Lei Kang

The Hyper GT, the second model of GAC Aion's Hyper brand, will be launched on July 3.

As of June 30, Nio had 125 Nio Houses and 271 Nio Spaces worldwide.

Zeekr is offering customers who buy the Zeekr 001 at least RMB 28,000 worth of option benefits in the third quarter, as it aims to deliver about 140,000 vehicles this year.

Black Sesame is the world's third largest supplier of automotive SoCs with high computing power by 2022 shipments.

PHEVs get the same tax exemption as BEVs, and the extension of the tax break will attract more automakers to the market, Fitch said.

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.