Phate Zhang

The new EC6 starts at RMB 358,000, or RMB 288,000 under the battery rental purchase option.

If sales continue up the S-curves, EVs will make up between 62 percent and 86 percent of global car sales by 2030, with China's EV market share reaching at least 90 percent.

By the end of this year, Shenzhen residents can receive a subsidy of up to RMB 10,000 if they purchase NEVs when they scrap their old fuel cars.

At the current rate of consumption, coal will only last for 200 more years and oil for 50 more years, said BYD chairman Wang Chuanfu.

Xpeng will hold a launch event for the new G9 on September 19 in Dunhuang, Gansu province in northwest China, where its CEO will explain how the model will be back on the offensive.

This will be the second time Nio uses a new launch format to introduce a new product, following the launch of its ET5 Touring in June.

Wait times for the Nio ES8 have been shortened from 6-7 weeks to 5-6 weeks, the EC7 has been shortened from about 4 weeks to 3-4 weeks, and the ET5 and ET5 Touring have both gone from about 3 weeks to 4-5 weeks.

The EU should create a fair, non-discriminatory and predictable market environment for the joint development of the EV industry in China and Europe and jointly oppose trade protectionism, China's Ministry of Commerce said.

Xpeng plans to add 500 integrated stores with sales and service functions, 1,000 experience centers and satellite stores over the next three years, according to local media.

Nio approached a leading local dealer group in the first half of this year to do some explorations for introducing a dealer model for its sub-brand Alps, according to local media.