Phate Zhang

Nio began recruiting an additional 20,000 pioneer testers for NOP+, which will be the final user experience event before the feature is pushed out to all car owners.

The re-launched Luxeed S7 will bring new features and will be able to deliver soon after launch, with monthly sales expected to be at around 5,000 units, according to local media.

This is the latest reduction in Alibaba's holdings after it sold 25 million of Xpeng's ADSs last year. An Alibaba executive resigned as a director of Xpeng.

The standard version of Xiaomi's SU7 has specs that far exceed those of the Model 3 and has a very high initial sourcing cost, said Lei Jun.

Zeekr is targeting sales of 230,000 units in 2024 and will launch three new models to cover a wider market.

BYD chairman and president Wang Chuanfu met with Apple's CEO Tim Cook, who is visiting Shanghai, at Apple's China headquarters today.

Xiaomi has finalized the pricing of the SU7, which has been lowered by RMB 30,000 to RMB 50,000 compared to last year's expectations, according to local media.

Polestar vehicles can charge at up to 120 kW at Tesla Supercharger stations, according to the EV maker.

With the purchase discounts offered by Tesla expiring at the end of the month, the upcoming price hike means that the actual cost of purchasing a Model Y will go up by as much as RMB 23,000, according to local media.

During next month's Beijing auto show, Xpeng will officially launch its new brand for the RMB 100,000 to RMB 150,000 segment.