Phate Zhang

Both the Onvo L90 and the new Nio ES8 are high-priced products with solid gross margins, Li said.

This marks the first year-on-year decline in BYD's net income since the first quarter of 2022.

The change will take effect on September 19, significantly lowering the entry barrier for buying BYD shares on the Hong Kong stock market.

The all-new MG4 has a starting guide price of just RMB 68,800 ($9,650), making it one of the most affordable EVs in the Chinese market.

The 10,000th L90 was delivered at the Chengdu auto show, 29 days after the SUV began deliveries on August 1.

This is expected to enhance the appeal of Nio models and reduce complaints about their relatively low range.

The Zeekr 9X starts at RMB 479,900 ($67,340) during pre-sales, delivering 1,381 horsepower for supercar-level acceleration from 0 to 100 km/h in 3.1 seconds.

Li Auto's second-quarter net income and revenue both fell short of analyst expectations, with weak guidance signaling continued pain ahead.

Leapmotor will first produce its B10 compact SUV at a Stellantis plant in Spain, followed by the B05.

When running tasks for large language models, one Li Auto M100 chip delivers effective computing power equivalent to two Nvidia Thor-U chips.