Lei Kang

The purchase order involves LFP Unified Cell products with the same design style and specifications as those for the Chinese market for Volkswagen's full range of NEVs.

The unification of the chip and algorithm businesses is a positive sign that BYD is accelerating the pace of its own smart driving research and development, local media said.

Demand for NEVs is expected to pick up in the second quarter as lithium carbonate prices stabilize, according to analysts at CITIC Securities.

From January to April, the Model Y sold 121,407 units, making it the second-best-selling new energy SUV in China during this period.

Eve Energy sealed a battery cell supply relationship with BMW last September to supply large cylindrical lithium-ion cells for the latter's Neue Klasse line of vehicle models.

The Chaser 07 is about the same size as the BYD Han PHEV and will target the RMB 200,000 to 250,000 hybrid market.

The Yangwang U8 has a overall mass of 3,460 kg, and is equipped with four electric motors, each having a maximum power of 220 kW.

China's NEV penetration at retail was 32.3 percent in April, up 6.6 percentage points from 25.7 percent in April 2022 but lower than 34.2 percent in March.

SAIC-GM-Wuling's Baojun brand has released several images of the Yep, showing the model somewhat similar to the Suzuki Jimny.

Denza posted images on Weibo today showing the N8 with a large glass roof, a large center screen and rear tabletops.