Phate Zhang

Earlier today, a rumor that Xpeng would acquire Maserati spread widely on Chinese social media.

Nio's vehicle deliveries in August and September are expected to be 20,000-21,000 units per month due to auto parts constraints, but parts supply will improve in the fourth quarter, BofA said.

Fang Cheng Bao's first model, the Bao 5, will make its real-life debut on August 25 at the Chengdu auto show. In addition to the Bao 5, BYD today unveiled the Bao 3, and the Super 8, a concept for the Bao 8.

The Shenxing Battery will be mass-produced by the end of 2023 and available in the first quarter of 2024, allowing vehicles to get up to 700 kilometers of range.

Tesla's revamped Model 3 is expected to go on sale in China within half a month, with some stores already accepting reservations from consumers for the new model, according to local media.

Tesla has nearly doubled the discounts for the Model S and Model X in China from what it was previously offering, after it began a promotion for both models on July 1.

Li Auto's factory in Changzhou will be upgraded and revamped during the Chinese National Day holiday to support production expansion.

Between August 1 and August 13, Tesla vehicles had 25,400 insurance registrations in China, Nio 7,000, Li Auto 13,500, and Xpeng 5,200.

Tesla plans to form a local operations team of around 20 people initially to bring FSD to the Chinese market, according to local media.

Baidu has partnered with Geely to create a new brand, Jiyue, with the first model, the Jiyue 01, entering a catalog of regulatory filings and is expected to debut in the fourth quarter.