Phate Zhang

The team has a HK$71.86 price target on Xpeng's Hong Kong-traded shares, implying an upside of 25.63 percent.

Due to a software issue, the ESP internal monitoring program in the vehicles covered by this recall may incorrectly determine a malfunction at the start of the driving cycle.

China recycled 115,000 tons of used power batteries in January-May, more than the total for the whole of last year.

The route, part of Nio's Power Journeys program, begins in Xi'an, Shaanxi province in northwest China and ends in Khorgos, Xinjiang.

In the first two weeks of July, more than 200 Li Auto vehicles were privately exported to destinations dominated by Central Asia and the Middle East, its CEO said.

In June, Xpeng loaded more than 4,000 vehicles with CALB battery packs, or 70 percent of its production for the month.

Between July 1 and 16, Nio sold 8,000 units, Li Auto 16,900, Xpeng 3,500 and Tesla 13,000.

A total of 13 percent of NEVs were equipped with more advanced L2+ driver assistance systems, with Li Auto and Nio contributing about half of that total.

Great Wall Motor has launched the Tank 500 SUV in Bahrain, the fourth Middle Eastern market the model has entered after the UAE, Saudi Arabia and Oman.

Talent's second phase of a 2 GWh/year plant in Chongqing is expected to be completed by the end of 2023, and a 10 GWh/year industrial park project in Anhui is under construction.