Lei Kang

BMW dealers are offering up to RMB 105,000 in discounts for i3 buyers in China, possibly to clear inventory ahead of new models' launch, according to local media.

Lithium carbonate prices have stopped rising for the first time in nearly 18 weeks, with buyers in a growing wait-and-see mood and sellers starting to loosen their offers.

Orders with deposits paid by 24:00 on December 31 will continue to receive the same purchase subsidies as in 2022, Xpeng said.

BYD hopes to sell 10,000 cars in Mexico in 2023 and 20,000 to 30,000 in 2024.

Baidu said it plans to scale up Apollo's operations and launch fully unmanned self-driving services in more regions in 2023.

Tesla is working on a redesign of the Model 3 codenamed "Highland," with a focus on reducing the number and complexity of the model's interior, according to Reuters.

Tencent will provide support for the large-scale data storage, computing and model training needed to take Nio's autonomous driving technology from development to operation.

Innovusion's Falcon LiDAR is used in the sensing system of the Nio ET7, ES7 and ET5.

This is the biggest partnership so far reached by a new Chinese car maker overseas, local media said.

Shenlan is currently offering only the Shenlan SL03, which has an electric version, an extended-range version and a version with a hydrogen fuel cell.