Lei Kang

The new SUV, which could be the Xpeng G5, will be the model that the company previously mentioned would compete with the Tesla Model Y, according to local media.

In April, BYD opened a new photovoltaic module production line at its Brazil plant, allowing for increased productivity and efficiency.

Starting in October, WM Motor is paying only 70 percent of normal salaries to regular employees and 50 percent to management, according to local media.

The cell module supplied by Svolt Energy for the 550 km range version of the Xpeng P5 has officially rolled off the production line.

The battery allows for a 50 percent reduction in the number of cells and a 47 percent reduction in the number of Pack parts, resulting in a 30 percent increase in productivity, according to Eve Energy.

The two will cooperate globally in credit financing, retail lending, and international business.

BYD has been selling its new energy passenger vehicles in partnership with local dealers since 2020 and has delivered nearly 3,000 units in the country to date.

Denza management had previously expected 10,000 units of the model to be delivered in December, although the current delivery schedule has been delayed from the previous one.

GAC Aion has brought in 53 strategic investors, paving the way for a possible IPO next year.

The order is estimated at $110 million and the project is expected to be completed and delivered by the end of 2022.