Phate Zhang

Nio will further accelerate production and deliveries in December, the company said.

Li Auto delivered a record 15,034 vehicles in November, a single-month high, according to figures released today.

During wake-up from park, the outline lights on some vehicles may fail to illuminate due to a software error during the initialization of internal parameters.

From January to November, Neta delivered a total of 144,278 vehicles, up 142.3 percent year-on-year.

In the January-November period, GAC Aion sold 241,149 units, up 128 percent from the same period last year.

Rumors have recently surfaced that China's subsidies for NEVs may be renewed, but the amount will be only 50 percent of what it was in 2022.

"We think a large part of the rally was caused by a short squeeze as investors were caught being too negative on the group given Covid and competition concerns," said Deutsche Bank analyst Edison Yu's team.

The BYD Seagull, which is expected to be launched in the second quarter of 2023, will be the first model with sodium-ion batteries and is expected to be priced as low as about $8,484, according to local media.

Xpeng delivered better-than-expected third-quarter operating results, accompanied by a slightly better-than-feared outlook.

Xpeng expects fourth-quarter deliveries of 20,000 to 21,000 units, possibly suggesting that its December deliveries are expected to rebound to around 10,000 units.