Phate Zhang

In the first two months, Tesla sold 140,453 China-made vehicles, up 20.71 percent from the same period last year.

Nio's battery R&D team has now exceeded 800 people, with annual R&D investment expected to exceed RMB 1 billion, according to local media.

This is a full-text translation from CnEVPost of Nio's March 1 earnings call.

The model will be equipped with BYD's new powertrain and will outperform the Mercedes-Benz G-Class, according to local media.

"Even if we exclude these one-time headwinds, vehicle of margin of 13.5% would have been a miss and lowest since 2Q20," Deutsche Bank said.

Nio will begin deliveries of four new models in the second quarter, including the new ES6, with a fifth model to be delivered in July.

Nio's vehicle margin was negatively impacted by 6.7 percentage points in the fourth quarter due to accelerated depreciation of production facilities and the loss of purchase commitments for older models.

By the end of February, Xpeng's cumulative deliveries since its inception stood at 269,938 vehicles, data monitored by CnEVPost show.

Li Auto's delivery guidance for the first quarter is 52,000 to 55,000 vehicles, and the latest figures mean it is on track to deliver between 20,239 and 23,239 vehicles in March.

The Model Y SUVs produced by Giga Shanghai since January 1 are equipped with an updated suspension system for improved comfort.