Phate Zhang

BYD sold 420,398 NEVs in December, marking an 18.34 percent year-on-year decline.

Nio's battery swap system will further expand its long-range battery pack inventory based on user demand, the company said.

In the fourth quarter, Nio Inc delivered 124,807 vehicles, near the upper end of its guidance range of 120,000 to 125,000 units.

The updated Yangwang U7 BEV variant will become the model with the longest battery range under BYD's umbrella.

In the fourth quarter, Li Auto delivered 109,194 vehicles, a 31.19 percent year-on-year decline but a 17.15 percent increase from the third quarter.

Leapmotor's full-year 2025 deliveries reached 596,555 units, a 103.10 percent increase year-on-year.

Li Auto will adjust its product lineup in the RMB 300,000 ($42,910) to RMB 400,000 price segment, focusing on streamlining the number of model variants.

Shanghai is home to Tesla's China factory and Nio's global headquarters.

Rox Motor delivered 15,318 vehicles in 2025, targeting 30,000 deliveries in 2026.

The model is likely the Zeekr 8X, originally planned for launch in the fourth quarter of 2025 but subsequently delayed.