Lei Kang

The CAAM proposes that China's central and local governments continue to introduce policies to promote auto consumption, given the current weak market expectations.

 This is the first time Nio has mentioned the existence of the new ET7, after rumors began to emerge last month.

In retail, China's NEV penetration rate was 34.2 percent in March, up 6 percentage points from 28.2 percent in March 2022 and up from 31.6 percent in February.

Tesla's share of the NEV market in China was 14.12 percent in March and 20.02 percent in the BEV market.

Both the Nio ES7 SUV and ET5 sedan now have expected delivery dates of about 2 weeks, compared to about 3 weeks for both previously.

Yangwang today shared three images of the U9 electric supercar and said the model will be on display at the Shanghai auto show starting April 18.

Between April 7 and April 30, consumers who purchase the Seal can receive a combined discount of up to RMB 31,000.

Currently in production is the first phase of BYD's Zhengzhou base, with a planned annual capacity of 400,000 vehicles.

The "U" type structure allows the battery to reduce structural component resistance by 50 percent, achieve an energy density of 300 Wh/kg, and support fast charging beyond 6C, CALB said.

Zhu, 43, has been officially named senior vice president of Tesla's automotive business.