Phate Zhang

Li Auto will release the Li L6 EREV, Li Mega BEV in the first half of the year and will launch three more BEVs in the second half of the year, according to local media.

Polestar launched the Polestar 4 in China on the first day of the Shanghai auto show on April 17, 2023, and dropped the price significantly in November before deliveries began.

The previous target was for the figure to reach 40 percent by 2030 and 50 percent by 2035.

Tesla today lowered the prices of all two versions of the Model 3 by nearly 6 percent, and two of the three versions of the Model Y by nearly 3 percent.

Li Auto's 2024 models will have configuration updates and will be launched and begin deliveries in March, it said.

A new company called Zhongan Energy was launched today and it will build 1,000 battery swap stations with the support of Nio and two state-owned groups in Anhui province.

Nio said it and JAC, Chery will carry out deep strategic cooperation in battery standards, battery swap technology, battery swap service network construction and operation.

Nio has also signed strategic cooperation agreements with two state-owned groups in Anhui province for energy storage, charging, and battery swap system construction.

China's total vehicle sales in 2023 stood at 30,094,000 units, the first time it has surpassed the 30 million mark, with NEVs contributing 31.6 percent.

The Leapmotor C10 is available in both EREV and BEV versions, with pre-sale prices roughly half that of Li Auto's Li L7 EREV.