Phate Zhang

CATL's lithium sharing program is not for price reduction purposes, but rather the company already owns some mineral resources and doesn't want to reap windfall profits, its management said.

CATL's capacity utilization was 83.4 percent in 2022, down from 95 percent in 2021.

Consumers who order BYD's Song Plus lineup this month will receive a discount of RMB 6,800, or RMB 8,800 for the Seal.

BYD Song was the best-selling SUV in China in February with 51,592 retail sales, and the Model Y ranked No. 2 with 25,526 units.

Nio ET5 ranks No. 7 with 6,471 retail sales in February, surpassed by Audi A4L with 6,935 sales.

In most parts of the world, the Model 3 and Model Y are already based on the camera-only Tesla Vision solution.

Nio management previously hinted that the Nio ET5 shooting brake could begin deliveries in China in July.

BYD's F brand is positioned between the Denza and Yangwang and is expected to be priced between RMB 400,000 and RMB 600,000.

The BYD Atto 3 will start at £36,490 ($43,230) in the UK and deliveries there will begin on March 15.

BYD has set a budget of more than $20 billion for its commercial vehicle division through 2025, with major spending planned for research, product development and capacity expansion, according to the Wall Street Journal.