Phate Zhang

BYD's plan is to build the facility for the Mexican market, not the export market, a company executive said.

Li Auto CEO said the company will share how it will make a premium BEV a hot seller at its March 1 launch event.

BYD continues its post-Chinese New Year model update move with refreshed versions of the Ocean series' Song Plus, Seal DM-i priced significantly lower than previous versions.

The joint sourcing program will reduce platform costs by sharing the combined scale of the two companies and leveraging Volkswagen's supply chain, Xpeng said.

Svolt Energy expects its Thailand plant to supply more than 20,000 battery packs to local customers this year.

Bloomberg reported that Apple is canceling its decade-long EV-making effort. CEOs of EV makers including Xpeng, Li Auto, Xiaomi, and Jiyue have expressed their views.

HiPhi began production halt on February 18 -- the first working day after the Chinese New Year holiday -- sparking fears about its fate.

More EV makers are betting that the shooting brake style will become a new trend in China.

Upgraded specifications and lower prices are expected to keep the Zeekr 001 competitive amid fierce price competition, thus helping Zeekr achieve its goal of doubling sales this year.

Production of the Polestar 3 has begun in Chengdu, China, with additional production expected to begin in the US in mid-2024, Polestar said.