Lei Kang

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.

Many visitors have experienced the show cars at Xpeng stores over the past 3 days, demonstrating their enthusiasm for the G6, it said.

Eve Energy will build a project for large cylindrical batteries for passenger cars in Hungary over a four-year construction period.

CATL remains the largest power battery maker in China, but BYD's lead in the LFP market expanded in May.

CATL and Arun Plus have entered into a CTP partnership agreement to provide the Thai company with a CTP production line and share CTP production technology.

China's auto industry still needs to further recover and expand demand, and the release of consumption potential needs to be accelerated, the CAAM said.