Phate Zhang

SAIC is ramping up development work on solid-state battery cells, with its first production model powered by solid-state battery set to roll off the assembly line in 2025, it said.

"We need to think strategically with a long-term mindset and use that to guide our short-term actions," Li said.

BYD said it is evaluating the feasibility of building a passenger car plant in Europe and is looking for a suitable location.

With ChatGPT becoming a hot topic around the world, many Chinese tech giants have announced their progress in the field.

Shanghai, home to Tesla's China factory and Nio's global headquarters, has seen NEV penetration reach about 50 percent.

The new ES6 show cars became available at nearly 300 Nio stores in 92 cities as of May 20.

On May 19, deliveries of the 2023 Nio ET7 began in several cities, including Shanghai, Beijing, Hefei, Nanjing, Hangzhou, Ningbo, Wenzhou, Guangzhou, Shenzhen and Changsha.

Show cars of the new ES6 are already available at Nio stores, and those interested can visit Nio Houses to check out the model, Nio said.

The pack is based on Gotion's new L600 LMFP cells with an energy density of 240 Wh/kg and will be in mass production in 2024.

Nio has acquired a 19.9 percent stake in Neo Fusion and Nio Capital has acquired a 10.1 percent stake.