Lei Kang

The combined investment in the two battery plants is 2.514 billion euros ($2.6 billion), both with an annual capacity of 20 GWh.

China's EV battery installations were 67.2 GWh in November, up 49.7 percent year-on-year and up 13.5 percent from October.

China's retail sales of all passenger vehicles in December 1-8 were 502,000 units, up 11 percent from the same period last month.

Domestic NEV sales in November reached a record high for the third consecutive month at 1,429,000 units, according to data from the CAAM.

The P7+ delivered 6,950 units in November, contributing 22.5 percent of Xpeng's deliveries for the month.

Sequential decreases in deliveries of Nio's main-selling models weighed on its performance in November.

BYD has launched the Song Pro, Tang, Yuan Up, Seal and BYD Shark in Peru, with plans to open 6 to 7 stores in the country in 2025.

In the January-November period, BYD ranked first in China's NEV market with a 34.5 percent share, while Tesla ranked third with a 6.0 percent share.

BYD has filed for the all-electric Sealion 05, hybrid Seal 05, and hybrid Seal 07, with the Sealion 07 starting to be offered in variants with a more performance-oriented DM-p system.

The Maextro S800 sedan is available in EREV and BEV variants, with four- and five-seat options, as well as dual- and triple-motor options.