Phate Zhang

Li Auto said the Li Mega will be priced at less than RMB 600,000, with an official launch in December and deliveries starting in February.

In addition to the Atto 3, Dolphin and Seal, BYD said it will launch a number of competitive NEV models in global markets.

Polestar has taken a page out of Nio's book by stripping out some of the perks, thus lowering the Polestar 4's starting price by 14 percent to RMB 299,900.

The concept car has no conventional steering, nor conventional brakes, but is capable of driving normally. The technology will provide an extra safety backup on top of the traditional braking and steering devices.

Driven by demand, Innovusion's new production line is in the works and will enter mass production in December, it said.

Xpeng is confident of achieving rapid volume growth and a significant rebound in gross margin in the fourth quarter.

"Promotional activity appeared more aggressive than anticipated," Deutsche Bank said.

Xpeng guided for fourth-quarter deliveries in the range of 59,500 to 63,500 units, meaning it expects to deliver a total of 39,498 to 43,498 vehicles in November and December.

Xiaomi's first EV model is bigger than the Tesla Model 3 and Nio ET5, and will be available in single and dual motor versions, with battery suppliers BYD and CATL.

Xiaomi's car factory in Beijing has been conducting small-volume trial production for some time now, with dozens of vehicles already produced, according to local media.