Lei Kang

The release of year-end automotive consumer demand is at risk and uncertain due to the recent rebound of the Covid outbreak in China, which has impacted auto showroom traffic and order patterns, the CPCA said.

Xpeng Aeroht said the move will increase its confidence in the flying car business and support it to increase capital investment in research and development.

The first model of BYD's premium brand is expected to be a hardcore crossover model priced at RMB 1 million or more.

Geometry's two models, the G6 and M6, were officially launched with a price range of RMB 149,800 to RMB 186,800 after subsidies.

Huawei is expected to have more than 1,000 AITO experience stores and user centers by the end of this year, an executive said.

Following the completion of the financing, WeLion will further accelerate the construction of its production line and increase its R&D investment.

This marks Sunwoda's entry into Volkswagen's high-voltage battery supplier system, the company said.

The first model based on the platform will be the previously announced Hyper SSR all-electric supercar, which will begin deliveries in October 2023.

The model comes with an extensive sports package and an enhanced motor cooling system that raises the power to 445 kW.

The closure of its first store in China could be somewhat symbolic for Tesla's sales and channel expansion model here, a local media report said.