Phate Zhang

Cheche expects to launch a customized digital insurance service system for Nio in the third quarter.

Sunwoda will supply batteries for Xiaomi's third model, codenamed "Kunlun," as well as Li Auto's Li M7 and Li M8, according to local media.

In the long term, if local sales reach a certain level, say 100,000 units, local production should take place, Nio CEO William Li said.

Xpeng CEO said he experienced FSD V12.3.6 and hopes to borrow a vehicle with the latest V12.4.1 software.

The Yuan family models include the Yuan Up, Yuan Plus, and Yuan Pro, all SUVs targeting the RMB 100,000 to RMB 150,000 price range.

The main benefit of using end-to-end technology is that it accelerates NOA coverage in urban areas, as it can cover corner cases that are not fully covered by rules.

Nio officially launched the Onvo brand on May 15, and began pre-sales of the Onvo L60 with a price of RMB 219,900 ($30,300).

In the field of battery swap, CATL and BAIC will cooperate in areas including development of battery swap models with battery blocks, distribution of battery blocks, and battery data management.

The new Freelander-branded models will initially be sold in China through a select network and will be exported to overseas markets in the future.

The production base, when completed, will supply battery products to carmaker customers in Beijing, Tianjin and Hebei, including BAIC, Xiaomi and Li Auto, CATL said.