Phate Zhang

Onvo will allow owners to upgrade their 60-kWh standard range battery packs to 85-kWh long range packs on a daily, monthly or annual basis starting March 1.

Companies must not imply to consumers that driver assistance systems can be used as self-driving systems and are required to implement exit strategies when drivers are distracted.

Li Auto began offering final payment reductions and 3-year 0-interest financing on L-series models, allowing buyers to save up to RMB 38,000 ($5,210).

Deutsche Bank expects the Nio main brand to deliver around 8,000 units in February, and the Onvo sub-brand around 5,000 units.

Li Auto will upgrade the smart driving chips in updated models, starting to use the Nvidia Thor-U chip and providing LiDARs as standard across all models.

In the first three quarters of 2024, Chery achieved a net income of RMB 11.3 billion, up 58.5 percent year-on-year.

The SU7 Ultra starts at RMB 529,900 ($72,930), 34.97 percent lower than Xiaomi's previously marketed pre-sales price.

The SU7 Ultra, which starts at RMB 529,900 ($72,930), is Xiaomi's new luxury car for this era, the ultimate "Dream Car," said its CEO.

By the end of 2024, the SU7 had accumulated more than 248,000 locked-in orders in just nine months since its launch, Xiaomi CEO Lei Jun said.

Li Auto delivered 158,696 vehicles in the fourth quarter, below the lower end of its guidance range of 160,000 to 170,000 units.