Phate Zhang

Onvo launched higher-value 5-year 0-interest financing package, but removed BaaS benefit available in February, resulting in scaled-back overall benefits.

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.