Lei Kang

Nio's 1,400th battery swap station in China was built with German retail giant METRO, and the two have built a total of 21 such facilities together to date.

The battery plant will support electric two-wheeler and power tool manufacturers in Malaysia and Southeast Asia, Eve Energy said.

BYD and Weichai Power will build a power battery development and manufacturing base in Shandong province, where the latter is headquartered.

In the increasingly competitive Chinese EV market, EV makers are hoping to capture initial consumer enthusiasm and avoid losing potential orders.

Nio is filming promotional videos for the ET5 touring in Norway, and leaked images show more details of the model.

This will help it further expand into the European market and accelerate its globalization, Hesai said.

Prior to entering Malaysia, Neta's efforts in Southeast Asia focused on Thailand and began construction of a Thai factory in March.

BYD's advanced driver-assistance system, called DNP, will be available on the new Han sedan in the third quarter, according to local media.

BYD returned to the top spot in the LFP battery market with a 42.68 percent share in April, overtaking CATL's 33.65 percent.

Irrational promotions in China's auto market since March have led to consumer wait-and-see, so auto consumption is still in a slow recovery process, the CAAM said.