Phate Zhang

Volkswagen said it will produce two Volkswagen-branded models co-developed with Xpeng in Hefei, the first of which is scheduled to go into production in 2026.

Huawei said the Luxeed S7 has begun volume deliveries. The model was initially launched in November 2023 and has since been the subject of complaints over slow deliveries.

Nio's vice president of digital cockpit and software development, Zhang Lei, is leaving the company and will complete the handover by the end of this month, according to local media.

Xpeng has launched the G6 580 Plus with a starting price of RMB 199,900 ($27,630), or RMB 179,900 after discount.

BYD and JA Solar will jointly develop energy storage products to provide integrated solutions for photovoltaic power generation and energy storage.

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.