Phate Zhang

China's commerce ministry said it firmly opposes the EU's additional anti-subsidy tariffs on Chinese EVs, but notes the EU's political will to continue to resolve the issue through negotiations.

EU member states voted in favor of imposing tariffs on EVs imported from China, making higher rates a five-year policy.

The Seal 06 GT, the production version of the Ocean-M concept, has already gone on pre-sale on August 30 at a price range of RMB 150,000 ($21,370) to RMB 200,000.

Tesla delivered 462,890 vehicles in the third quarter, higher than BYD's BEV sales of 443,426, though the latter's hybrid models are growing strongly.

BYD sold 164,956 passenger BEVs in September, up 9.1 percent year-on-year, and 252,647 PHEVs, its seventh consecutive record high since March, up 86.17 percent.

Nio delivered 21,181 vehicles in September, the second-highest on record, including 20,349 from the main Nio brand and 832 from Onvo.

Nio is working with UK artificial intelligence software startup Monolith to test and improve battery packs in real time, with testing to begin soon in five European markets.

Xpeng delivers record 21,352 vehicles in September, with Mona M03 deliveries exceeding 10,000 units.

Li Auto delivered a record 152,831 vehicles in the third quarter, up 45.4 percent year-on-year and within the guidance range of 145,000 to 155,000 vehicles.

New investment secured by Nio China reduced the immediate share dilution risk of Nio and is positive for Nio's share price, according to Deutsche Bank.