Phate Zhang

A BYD spokesperson, responding to CnEVPost's request for comment, said the information was untrue and not in line with the actual situation.

The initial order will include the BYD Atto 3, which will be available under the so-called Salary Sacrifice program.

Analysts believe the impact of the transition will not last long and will have less of an impact than the last switch in standards in 2019.

The Nio ET7 delivered around 3,000 units per month for most of the second half of 2022, but only 521 and 649 units were delivered in January and February of this year, respectively.

On March 10, BYD held a groundbreaking ceremony for the plant in Thailand, and the delivery ceremony for the 10,000th BYD Atto 3.

The ET5 has become Nio's main seller in China, contributing 48 percent, 68 percent, and 53 percent of monthly deliveries in the past three months, respectively.

Li Auto has an internal goal of 25,000-30,000 monthly deliveries and will aim to meet the goal in the second quarter, its management said last month.

Neta is building the electric vehicle assembly site with Thailand's BGAC and expects it to start production by the end of January 2024.

Li Auto is aiming to build about 300 super-fast charging stations this year, and Nio also plans to add 10,000 new charging piles this year, according to local media.

Xpeng offers four versions of the P7i with a starting price of RMB 249,900, above the RMB 229,900 for the Tesla Model 3.