Phate Zhang

CADA has called on Chinese authorities to introduce financial relief for the dealership sector, saying that price wars have led to a cumulative loss of RMB 138 billion yuan ($19.6 billion) in new car retail sales in the January-August period.

Local automotive media outlet Auto Home today shared several spy shots of the first model of Nio Firefly, exposing the interior of the model for the first time.

Guangzhou Shipyard held an undocking ceremony on September 20 for the BYD Hefei, a 7,000-vehicle car carrier built for BYD.

Xpeng has appointed Pioneer Motors as its exclusive distributor in Qatar, where the G6, G9, and P7 are expected to be launched by the end of 2024.

Denza said the Z9GT received more than 5,000 firm orders in its first 36 hours on the market, with the 2010 units of limited-edition cars already sold out.

Onvo L60 production capacity is expected to reach 10,000 units in December, at least 16,000 units in January and 20,000 units by March, William Li said.

The Zeekr 7X has received more than 58,000 orders in the past 20 days since pre-sales began on August 30.

Nio has no plans to take over the Audi plant, and the company is cautious about investing in fixed assets, the EV maker's CEO William Li said.

That's because all upcoming Nio-branded products will come from NT 3.0 technology, which not only offers superior performance but also outstanding cost savings, Deutsche Bank said.

Nio's sub-brand Onvo has officially launched its first model, the L60, which is priced much lower than the Tesla Model Y, but brings more interior space and better features.