Phate Zhang

The first brand to partner with Nio on battery swap could be China FAW Group's high-end EV brand Hongqi, according to local media.

BYD began pre-sales of the Song L on October 31, with a price range of RMB 220,000 to RMB 280,000 for the pre-sale.

Nio will have heavyweight product and model launches at this year's Nio Day event, the company's president, Qin Lihong, said in an audio program.

"Nio will not go out of business, and there is absolutely no possibility of it going out of business," the company's president said in a speech.

The Hang Seng Index is one of the earliest stock indices in Hong Kong, and since its launch on November 24, 1969, it has become an important indicator of Hong Kong's stock market.

Over the past month, Tesla has made three price hikes in China, albeit for different models.

Li Auto's own smart driving team will instead focus more on the development of the AD Max system that comes with its highest priced models, according to local media.

BYD's Ocean range of SUVs will be integrated into the Sealion array and sedan models into the Seal array.

Customers can reserve the Li Mega by paying a refundable RMB 5,000 for priority delivery. Deliveries of the model will begin at the end of February.

Xpeng X9 starts at RMB 388,000 for pre-sales, with deliveries to begin in January, while Li Auto's Li Mega will be priced between RMB 500,000 and 600,000.