Phate Zhang

Li Auto plans to launch four new models in 2024, including an EREV and three BEV models.

While Li Auto's underlying execution remains strong, Nio, Xpeng will be more compelling growth stories in coming quarters, said Deutsche Bank.

Images shared by multiple automotive bloggers show the prototype in the engineering stage, with the front windshield yet to be installed and the interior far from finished.

Li Auto expects third-quarter vehicle deliveries to be in the range of 100,000 to 103,000 units, implying year-on-year growth of 277.0 percent to 288.3 percent.

In the Chinese BEV market, Tesla's share was 7.46 percent in July, down from 16.53 percent in June, but up from 2.34 percent a year earlier.

Major EV makers saw insurance registrations in China generally decline last week, as the beginning of the month usually sees lower numbers, with Tesla being one of the few to grow.

Last week, William Li accompanied several foreigners on a tour of a battery swap station, sparking a new round of rumors that Nio and Mercedes-Benz had entered into a partnership.

BYD will integrate the Stingray's karaoke offering into its popular models sold in a dozen countries in 2023, with the rest to follow in subsequent years.

In the first half of the year, NEVs, including BEVs and PHEVs, saw 152,033 license plate registrations in Shanghai, contributing to 51.24 percent of all vehicles.

WeLion aims to grow revenue 20-fold to RMB 10 billion by 2025, company founder Li Hong said in a recent Bloomberg interview.