Phate Zhang

In the January-March period, BYD was No. 1 with a 33.1 percent share, while Tesla was No. 3 with a 7.5 percent share.

Midea and Nio will cooperate in areas including EV parts, automation services, digitalization, low-carbon parks and smart logistics.

Xpeng's main models will debut in Hong Kong in mid-May, with deliveries expected to begin in the third quarter.

Zeekr has emphasized that the new variant is its sixth model, demonstrating a higher degree of importance than a usual new variant.

CATL's energy storage battery business generated revenue of RMB 59.9 billion in 2023, contributing 14.94 percent of the total.

Major EV makers saw sales in China fall last week, partly due to the Tomb Sweeping Day holiday.

In the first quarter, Tesla sold 132,420 vehicles in China, contributing 34.23 percent of its global deliveries.

Nio's pace of building battery swap stations was slow at the start of the year, possibly waiting for fourth-generation station capacity to ramp up. It's aiming to end the year with a total of more than 3,310 stations.

The facility will help complete Nio's global development network and provide tailored, user-friendly technology solutions "from Europe for Europe", said Nio vice president Zhang Hui.

The BYD Seal 06 will have a combined range of over 2,000 kilometers and may consume less than 3 L per 100 kilometers at low charge, according to local media.