Phate Zhang

Zeekr officially launched the updated Zeekr 001 on February 27, leaving the starting price unchanged from its predecessor's discounted price, with a price cut of RMB 20,000 for the two higher-trim variants.

Firm orders for the Xiaomi SU7 include refundable orders within 7 days as well as non-refundable orders with locked-in configurations, unlike what other EV makers are doing.

BYD announced the plan at the ongoing Bangkok auto show, where its full range of brands including BYD, Yangwang, Fang Cheng Bao and Denza are participating.

CATL is in talks with General Motors on a License Royalty Service model partnership, with plans to jointly build an LFP battery plant in North America, according to a local media report.

For an EV maker, pure electric sedans usually struggle to get high sales, with SUVs being the main support for sales and profits, an industry watcher said.

Xiaomi said the SU7 secured more than 50,000 firm orders within the first 27 minutes after it started accepting orders.

The Xiaomi SU7 starts at RMB 215,900, and deliveries of customized vehicles will begin at the end of April.

Core specs of the SU7, the first EV model from Xiaomi, have been leaked, just hours before its official launch.

China aims to fully integrate general aviation equipment into all areas of production and life by 2030, creating a market in the scale of RMB trillions.

In 2024, BYD's full-year sales are expected to grow more than 20 percent from 2023, with overseas sales targeted at 500,000 units, Wang Chuanfu said.