Phate Zhang

In the first quarter, Xiaomi's EV business saw an operating loss of 3.1 billion yuan ($460 million), dragged down by a product transition and the holiday period.

Deutsche Bank expects Xpeng's total new orders this month to surge 40% from April, thanks to strong initial demand for the GX.

Xiaomi EV launched Xiaomi Auto World Model, becoming another automaker after Nio to embrace AI world models.

The new base model of the YU7 was planned three years ago but canceled at the last minute before the SUV's launch.

Nio will partner with CCTV to broadcast extreme safety tests of its flagship SUV ES9 on the evening of May 26.

Nio will officially launch its executive flagship SUV ES9 on May 27, with an event starting at 7:30 pm Beijing Time.

William Li said Nio will not exit overseas markets but will slow its pace and evaluate return on investment more cautiously.

The ES8 drove Nio Inc's continued profitability in the first quarter, with its single-month deliveries in May expected to top 10,000 units again.

Tesla changed the name of its FSD feature to Tesla Assisted Driving, saying the function will be "available later."

The legal action comes as the company reports its second consecutive quarter of profitability and prepares to launch its flagship SUV, the ES9.