Phate Zhang

This is BYD's latest move to further expand its market share by launching revamped models to make prices lower, following the launch of the 2023 Han EV, as well as the 2023 Seal.

There have been no discussions between Volkswagen China and other companies about operating system licensing, local media quoted the German carmaker as saying.

The price of battery-grade lithium carbonate has risen 66.67 percent in China and 111.11 percent for industrial-grade lithium carbonate since the rally began late last month.

Customers of the Voyah Zhuiguang sedan can now receive substantial benefits for free that previously cost RMB 72,000.

Xpeng's financial performance in the first quarter and its outlook for the second quarter will be weak, though the company may see a turnaround after the launch of G6, according to Edison Yu's team.

As price wars fade and consumer wait-and-see sentiment eases, pent-up demand has been released, the CPCA said.

Nio's sales appear to continue to be dampened by the upcoming new ES6, as potential consumers may be waiting for this more cost-effective SUV.

The potential expansion would give the Shanghai factory the capacity to produce 1.75 million powertrains per year, up from the current 1.25 million, according to Reuters.

The revamped Model 3 is slightly longer and sportier than earlier versions and has a sleeker interior design, according to Bloomberg.

The new ES6 will be officially launched on May 24, with test drives available on the same day and deliveries starting on May 25, Nio said today.