Phate Zhang

Xpeng's CEO believes the low-altitude economy will begin to make inroads into people's lives next year and the year after that, and will see it grow larger and larger over the next 5 to 20 years.

Li Auto is expected to start delivering the Li M6 BEV in March 2025, with a delivery target of 200,000 units in the first year of launch, according to local media.

Denza said the 2024 D9 received 11,287 firm orders in the first 12 hours after its launch. Li Auto, on the other hand, has not announced orders for the Li Mega, and its shares have been down about 18 percent since the MPV's launch.

A Chinese regulator has given its approval for Leapmotor's joint venture with Stellantis, with the deal still awaiting regulatory approval in other markets, according to Reuters.

The Denza D9 MPV continues to be offered in hybrid and pure electric versions, with starting prices lowered by RMB 10,000 and RMB 16,000, respectively.

Xpeng is asking dealers to purchase vehicles for half of their target sales each month, rather than requiring them to purchase the entirety of their target sales as traditional brands do, according to local media.

The number of shares BYD plans to buy back is about 0.05 percent of its total issued share capital and will be used for cancellation to reduce registered capital.

Xiaomi EV is expected to officially launch its first EV model, the SU7, at the end of this month, with deliveries set to begin soon after that, according to local media.

BYD has launched an updated version of the Seagull, lowering the starting price to RMB 69,800, or about $9,700.

This is the largest-capacity battery pack mass-produced in the Chinese passenger car market, and Nio models equipped with the pack have a range of up to 1,055 km, Nio said.