Phate Zhang

Li Auto delivered 52,584 vehicles in the first quarter, slightly above the lower end of the previous guidance range of 52,000 to 55,000 vehicles.

Xpeng's XNGP system will enable full-scenario ADAS from start to stop when the full rollout is completed in 2024, it said.

Up to 70 percent of Nio's owners are in China's tier 1 and tier 2 cities, and the company wants to leverage battery swap stations to reach out to less-developed tier 3 and tier 4 cities.

Elon Musk last visited China in January 2020, when he showed off a dance during a delivery ceremony for Tesla's first China-made Model 3 vehicles.

Tesla's poster mentions "Supercharging," suggesting that the product could be its latest charging device.

Nio and Li Auto's mobile apps have been featuring pretty girls significantly more often lately, while Xpeng is running a campaign to encourage users to share such content on its app.

BYD aims to sell at least 3 million vehicles this year and strive to reach 3.6 million, said Wang Chuanfu, its chairman and president.

Nio co-founder and president Qin Lihong was on-site for the opening of the Nio House in Frankfurt.

For an EV with a 70-kWh pack, the cost of the battery is now RMB 12,300 - RMB 14,500 lower than when lithium carbonate prices were at their previous high, analysts say.

Price war has been the most talked about topic in China's auto industry this month, and the imminent implementation of a new emissions standard is seen as a major factor.