Lei Kang

Enovate has already owed its employees two months of salary arrears and its factory in Changsha, Hunan province, has shut down production this year, according to local media.

Hesai began trading on the Nasdaq on February 9 and has accumulated a decline of about 36 percent since then.

Six imported units of the new Tesla Model S and Model X arrived at Yangshan Port in Shanghai on February 28.

EV makers including Leapmotor, Neta and Denza have all introduced 90-day price protection policies.

Among the first owners of the Li L8, those who previously owned a BMW 3 Series were the highest, followed by those who owned a BMW 5 Series and an Audi A6.

CATL will participate in the vehicle development and production of BAIC-affiliated NEV companies, and provide power battery products and services.

China's auto industry is facing cyclical swings in the transition to electrification that can't be weathered by price wars and require automakers to stick to brand values, an Nio executive said.

The price war in China's auto industry has intensified the wait-and-see mood among car buyers, and Li Auto's move helps to allay potential consumers' concerns to some extent.

BYD has launched the Dolphin, Tang EV, Atto 3 and Han EV in Jordan, the first stop for the NEV maker to expand into the Middle East market.

The move is based on Gotion's controlling shareholder's recognition of the company's value and confidence in its continued rapid growth, according to an exchange announcement.