Phate Zhang

Both the Han L and Tang L are priced below the pre-sales prices, and they can get up to 400 km of range on a five-minute charge.

Tesla sold 74,127 vehicles in the Chinese domestic market in March, up 18.80 percent year-on-year and up 176.83 percent from February.

This is the third battery swap station partnership with a state-owned company that Nio has announced in the past month.

Richard Liu, founder of JD.com, has ordered an ET9, as Nio's William Li continues to pitch the executive sedan to entrepreneurs.

In the Philippines, Li Auto is currently previewing the Li L7 and Li L9 SUV models.

Nio Inc's insurance registrations last week stood at 2,500 units, down 43.18 percent from 4,400 units in the previous week.

The pre-sales of the 2025 X9 start at RMB 399,800 ($54,500), up 11.12 percent from its predecessor.

BYD said it expects net income in the first quarter to be between RMB 8.5 billion and RMB 10 billion, a year-on-year increase of 86.04 percent to 118.88 percent.

About 116,000 vehicles were exported from China to the US in 2024 and were dominated by US-branded models, analysts said.

CATL made the offer after announcing an investment of up to RMB 2.5 billion in Nio Power in March, according to Reuters.