Cara Yu

The model began pre-sales on May 8, with a starting price of 289,800 yuan, significantly lower than the AUDI team's initial plan.

Hybrid solid-liquid batteries will serve as the mainstream technology before all-solid-state batteries achieve mass production, said Svolt's CEO.

Sunwoda and CALB will supply batteries for the first model under Xiaomi's new sub-brand, Skynomad.

The luxury sedan is expected to be priced at around 2 million yuan ($293,580).

Deutsche Bank expects Onvo L80 monthly sales to reach around 10,000 units in the short term before stabilizing at about 4,000 units.

Products from the second brand are expected to debut as early as the end of this year, a Leapmotor executive said.

Li Auto highlighted the higher-end L9 Livis, starting at 509,800 yuan ($74,940), which is 9% lower than its pre-sales price.

Stellantis will invest €130 million to produce Peugeot and Jeep brand EVs at the Wuhan plant.

Following the record-breaking Beijing Auto Show, the Shenzhen Auto Show will be held from May 29 to June 7.

BYD contributed 32.0% of China's NEV exports in April, while Tesla contributed 13.2%.