Phate Zhang

Leapmotor's founding team has pledged not to transfer or reduce their stake in the company in any way over the next 10 years.

The Song L is the second shooting brake-style SUV under the BYD umbrella, with the NEV maker's premium Denza brand's Denza N7 being the group's first such model.

BYD had a record gross margin of 25.7 percent for its auto business in the third quarter, a 4-percentage point improvement from the second quarter.

Between October 1 and October 29, insurance registrations were 14,100 for Nio, 15,200 for Xpeng, 36,800 for Li Auto and 27,300 for Tesla in China.

By the end of the year, Yangwang aims to open more than 90 directly-managed stores in more than 40 cities in China.

Tesla's entry-level Model 3 now has a wait time of 2-6 weeks in China, down from 6-9 weeks previously.

At the current stage, Baolong and Nio will cooperate on products including air springs, wheel speed sensors, and optical rain sensors.

BYD reported a record net profit of RMB 10.41 billion in the third quarter, up 52.59 percent from the second quarter. Gross margin for the third quarter was 22.12 percent, a record high since the third quarter of 2020.

Neta aims to transform itself into a global high-tech technology company and reach one million sales in global markets by 2026.

The vehicles' high-voltage batteries have a dual-battery cell module design that risks causing thermal runaway.