Phate Zhang

The battery swap station is located in Stockholm, Sweden, and also offers Nio's latest 500-kW ultra-fast charging piles.

Tesla is in the final stages of producing display vehicles that will be shipped to Tesla showrooms later in August, with mass production expected to begin in September, according to Bloomberg.

The ET5 Touring is priced the same as the regular ET5 and the new ES6 is priced attractively, influencing potential ET5 customer's intention to buy the car, according to local media.

Nio has repositioned the ET5 Touring to expand the model's user base by targeting the larger family market rather than the touring segment.

Earlier today, a rumor that Xpeng would acquire Maserati spread widely on Chinese social media.

Nio's vehicle deliveries in August and September are expected to be 20,000-21,000 units per month due to auto parts constraints, but parts supply will improve in the fourth quarter, BofA said.

Fang Cheng Bao's first model, the Bao 5, will make its real-life debut on August 25 at the Chengdu auto show. In addition to the Bao 5, BYD today unveiled the Bao 3, and the Super 8, a concept for the Bao 8.

The Shenxing Battery will be mass-produced by the end of 2023 and available in the first quarter of 2024, allowing vehicles to get up to 700 kilometers of range.

Tesla's revamped Model 3 is expected to go on sale in China within half a month, with some stores already accepting reservations from consumers for the new model, according to local media.

Tesla has nearly doubled the discounts for the Model S and Model X in China from what it was previously offering, after it began a promotion for both models on July 1.