Lei Kang

As of now, all provinces in China have implemented the car replacement subsidy policy and brought a new wave of growth momentum to the automative market, the CPCA said.

In October, 27,707 Nio customers used the battery swap service for the first time.

Song family models continued to rank as the top-selling BYD models with record sales of 114,938 vehicles in October.

In the January-October period, Li Auto delivered 393,255 vehicles, up 38.16 percent year-on-year.

The program will last for four years, with a total lifecycle purchase value of about RMB 200 million ($28.1 million).

Nio has ramped up its car-buying incentives for this month, including increasing the free NOP+ access to 3 years from the previous 2 years, hoping to capitalize on the end-of-year peak season.

Zeekr today announced incentives including 0 down payment, zero-interest financing, and a new, lower-priced variant for the Zeekr X.

Denza will officially launch the Z9 on November 15, the first day of the 2024 Guangzhou auto show, after having started pre-sales of the sedan on August 20.

Li Auto has recently created a first-tier division responsible for overseas market expansion, putting a much-changed international expansion plan back on the table.

Xpeng began pre-sales of the P7+ on October 14 at a starting price of RMB 209,800 ($29,450) and received more than 30,000 pre-orders in the first 1 hour and 48 minutes.