Phate Zhang

China has strongly advised its automakers to ensure that advanced EV technology stays at home and encouraged them to export knock-down kits to foreign factories for final assembly, according to Bloomberg.

A rumor -- later confirmed -- that CATL had suspended lithium production in Jiangxi sent shares of major lithium producers soaring.

A BYD executive said the company's sales are doing well at the moment, but he hasn't heard that the sales target has been revised upward.

Denza started the pre-sales of the Z9GT on August 20, with a price range of RMB 339,800 ($47,770) to RMB 419,800.

Jiyue has launched the Jiyue 07 electric sedan with a starting price of RMB 209,900 ($29,480). It delivered 2,117 vehicles in August, up 107.75 percent from July.

Jiyue CEO said the EV maker has entered into a strategic partnership with Nio on battery swap and will soon officially become part of Nio's battery swap alliance.

Aito has launched a five-seat variant of its flagship SUV, the M9, at a starting price of RMB 469,800 ($66,000), following the success of the six-seat version in the luxury SUV market.

The European Union is set to make small reductions in the proposed additional tariff rates on EVs from China, with Tesla facing a reduction from 9 percent to just under 8 percent, according to Bloomberg.

BYD has raised its annual sales target to 4 million units, Morgan Stanley analyst Tim Hsiao said in a research note citing comments from the NEV maker's management.

Li Auto had 10,700 insurance registrations last week, Xpeng 3,600, Zeekr 4,600, Leapmotor 6,300 and Aito 7,700.