Phate Zhang

BYD has submitted a $1 billion investment proposal to partner with a local company to produce EVs and batteries in India, according to Reuters.

Tesla began selling China-made Model 3 and Model Y models in Canada earlier this year.

The Avatr 12 is a mid-to-large-sized sedan that will be powered by electric motors supplied by Huawei and will be available in single-motor and dual-motor versions.

Nio has provided 5 million battery swap services in the last 102 days, meaning an average of about 50,000 services per day.

Tianqi has acquired a 2.83 percent stake in Smart, giving the Mercedes-Geely JV a valuation of $5.3 billion.

Li questioned why Chinese companies face hurdles in selling high-tech cars to US consumers, while Tesla's Musk was given the red-carpet treatment by senior Chinese officials last month.

Buying a BEV platform in China could be one of the "big bangs" needed for Volkswagen stock to break out of what can by now only be characterized as being largely ignored by many of the largest asset managers globally, Deutsche Bank said.

Tesla's Shanghai factory, which went into operation at the end of 2019, is the first wholly foreign-owned automotive manufacturing project in China.

Audi seeks to take over the EV platform owned by IM Motors, with talks in an advanced stage, according to a Reuters report.

Nio and the CYVN entities will work together on strategic collaborations in international business and technology partnerships, the EV maker said.