Phate Zhang

Deutsche Bank also expects Tesla to sell 45,000 units at retail in China in July, Li Auto at 48,000 units and Zeekr at 15,000 units.

Tesla is likely to get regulatory approval to launch FSD in markets such as Europe and China by the end of this year, Elon Musk said.

The production version of the Xiaomi SU7 Ultra will go on sale in the first half of next year, and will use the same chassis structure, triple motors and battery pack as the prototype.

Pony.ai is expected to make an IPO in the US as soon as September, and has already received investment interest from some institutional investors, according to local media.

So far this month, Nio had 13,300 insurance registrations in China, Tesla 28,400, Xiaomi 7,500, Xpeng 5,400, Li Auto 30,200 and BYD 187,300.

The value system upgrade is a response to the changing social and market environment and is based on the understanding of future trends, said Nio.

Tesla began offering a 0-interest loan incentive in China in April, valid through June 30. It extended the offer on July 1 until July 31.

A former Baidu smart driving tech veteran has joined BYD to head up end-to-end large model algorithm development, according to local media.

Xpeng has begun recruiting beta testers for its latest AI-powered Tianji XOS 5.2 for car owners worldwide, expanding its software testing program beyond China for the first time.

Under Hong Kong Stock Exchange rules, when an organization's shareholding in a Hong Kong-listed company drops to less than 5 percent, it can no longer continue to disclose its holdings.