Phate Zhang

Kaixin Auto has signed a non-binding letter of intent to acquire 100 percent of WM Motor from its shareholders by issuing a certain number of new shares.

Yangwang began pre-sales of the U8 on the first day of the Shanghai auto show on April 18, with a pre-sale price of RMB 1.098 million.

In the January-August period, BYD ranked first in China's NEV market with a 36.6 percent share, while Tesla came in second with 8.8 percent.

Downsizing the number of directly operated stores is becoming a new industry trend, with both Xpeng and Zeekr increasing the proportion of dealer stores, according to local media.

From January to August, China's NEV sales were 5.37 million units, up 39.51 percent year-on-year, accounting for 29.5 percent of all vehicle sales.

Nio will hold an event to launch the new EC6 on September 15 starting at 8 pm. Customers can already pay RMB 5,000 to pre-order the model.

The price of battery-grade lithium carbonate fell below RMB 200,000 per ton for the first time in four months, as industry players' expectations of supply-demand balance changes.

The plant will focus on lithium-ion battery cell and pack production and energy storage system integration, and is expected to produce 10 GWh battery packs and 40 GWh cells when completed.

All three Li Auto models delivered more than 10,000 units in August, with the least expensive Li L7 continuing to contribute the most.

The G6 contributed 51.63 percent of Xpeng's deliveries in August, while the P7 contributed 30.98 percent.