Lei Kang

So far this year, China's retail sales of passenger NEVs were 2.74 million units, up 35 percent year-on-year.

Li Auto aims to reach annual sales of 1.6 million vehicles and annual revenue of RMB 500 billion by 2025, its CEO said.

China's cumulative tax exemptions for NEVs exceed RMB 200 billion by the end of 2022.

That means Leapmotor has delivered 7,038 vehicles so far this month. The company delivered 12,058 vehicles in May.

The joint venture will bring Qiantu's K50, K20 and K25 to Jordan and serve the Middle East and North African markets, Qiantu said.

The Buick Electra E4 starts at RMB 189,900 in China, with deliveries set to begin in July.

Nio's first phone model will be released and begin deliveries in the third quarter, William Li said in April.

The Denza N7 will go on sale later this month, with deliveries to begin in July.

HiPhi's third model, the HiPhi Y, which will be launched in China on July 15, will also be introduced to the European market soon and will be available for pre-order there by the end of the year.

The service will begin a trial run on July 1, with available vehicles being the ET7 and EL7 and a minimum order length of seven days.