Phate Zhang

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.

Tesla's share of the BEV market in China was 11.50 percent in February, down from 12.56 percent in January.

The Nio ET5 had 2,106 insurance registrations last week, the ET7 had 154 and the ES7 had 227.