Phate Zhang

One of the key reasons why Toyota is leaning towards adopting BYD's DM-i technology is that it is less expensive and relatively mature, according to local media.

Nio's first vehicle rolled off the line on May 27, 2018. It saw its 100,000th mass-produced vehicle roll off the line in April 2021, when Tesla CEO Elon Musk expressed his congratulations.

Nio and GAC will work together to establish a unified battery standard and jointly develop battery swap-enabled passenger cars and battery swap stations compatible with models from both brands.

Nio will officially launch sub-brand Onvo on May 15, with the new brand's first model to go on sale in the third quarter and deliveries to begin in the fourth quarter, according to local media.

The Chinese government will likely support Tesla's local testing of robotaxi, but did not immediately approve its widespread use of FSD features, according to local media.

The sequential increase in new orders for Nio in April was mainly due to lower prices for its BaaS battery rental service, according to Deutsche Bank.

Li Auto delivered 80,400 vehicles in the first quarter, exceeding the upper end of its lowered guidance range.

In the January-April period, Tesla China sold 283,043 vehicles, down 7.25 percent from 305,164 in the same period last year.

Li Auto had 5,300 insurance registrations last week and Xpeng 1,400.

BYD has been renovating its battery pack production lines in Anhui province and will supply smaller a battery pack for a version of Onvo's new EV, according to Reuters.