Phate Zhang

The joint venture will focus on the production of several of BYD's best-selling models, including the DM-i super hybrid models, and related parts.

Nio today put 11 new battery swap stations into operation in China, bringing the total to 1,305.

That means Zeekr has delivered about 9,400 units so far this month. Delivery figures for December are expected to be announced on Sunday, January 1.

Tesla's Model S and Model X are both expected to be priced at more than RMB 1 million in China and are expected to make a limited contribution to deliveries.

In addition to the 10 battery swap stations already online, Nio has seven new stations that will soon be operational in Europe.

The Li L9 and Li L8 were fast-tracking their capacity climb, and Li Auto is on track to exceed 20,000 deliveries in December, an executive said.

Battery-grade lithium carbonate has fallen more than 10 percent compared to mid-November when prices reached as high as RMB 590,000 per ton.

Covid led to lower-than-expected retail growth in the Chinese auto market, with traditional ICE vehicles performing worse than expected while NEVs performing better than expected.

Consumers who order the ET5 now can expect to have it delivered around the beginning of March next year.

It's not an established practice to shut down operations for an extended period of time during the Chinese New Year.