Phate Zhang

This highlights potential supply crunches in China's battery sector amid a recent surge of new vehicle launches.

The recalled Tang vehicles have a potential risk of pure electric drive mode failure, while the Yuan Pro faces a risk of water ingress into the power battery.

Fang Cheng Bao will launch a long-range version for the Bao 5 SUV and a five-seat version for the Bao 8 SUV on October 20.

"This matter is not a newly occurring incident, nor is it directed at Nio's recent operational performance," Nio said in a response shared with CnEVPost.

BYD currently sells seven models in South Africa, including five pure electric vehicles and two hybrid models.

As of press time, Nio had fallen 12.21 percent to HK$47.54 per share, poised for its biggest single-day drop since April 7.

In January-September, Xpeng's exports reached 29,723 units, marking a 125.2 percent year-on-year increase.

The catalyst for GIC's lawsuit against Nio was a short-selling report released in June 2022, which has since been refuted.

As of the end of September, cumulative sales of BYD models equipped with assisted driving systems exceeded 1.7 million units.

Seyond plans to go public in Hong Kong through a merger with TechStar, and plans to issue no more than 190,240,000 ordinary shares.