Phate Zhang

Nio Inc aims to maintain annual sales growth of 40% to 50% going forward, said William Li.

Xpeng said that its Chinese and Austrian teams are currently moving forward with next-stage R&D and production processes.

Tesla's retail sales in China came in at about 94,000 units in December, marking a year-on-year increase of about 13%.

The Zeekr 8X is expected to debut in the first quarter of 2026, with pricing starting around RMB 400,000 ($57,290), according to previous reports.

Shanghai targets an annual output value of about RMB 80 billion ($11.4 billion) for the core industries of its low-altitude economy by 2028.

Xiaomi targets 550,000 vehicle deliveries in 2026, representing about 34% growth from around 410,000 units in 2025.

Nio will hold a ceremony on January 6 at its F2 factory in Hefei to mark the rollout of its 1 millionth mass-produced vehicle, a local media reported.

BYD's full-year 2025 BEV sales reached 2,256,714 units, surpassing Tesla's 1,636,129 units for the first time.

Li anticipates China's NEV penetration rate will exceed 90 percent by 2030.

Nio slowed the construction of battery swap stations over the past two years, adding 679 and 681 stations in 2024 and 2025 respectively.