Phate Zhang

Nio continued to outsell its local counterpart Xpeng and Li Auto in the first week of September, as deliveries of its new models began to see a steady rise.

The AITO M5 EV became available for pre-order at Huawei's HarmonyOS 3 launch event on July 27.

Thailand's Board of Investment approved a set of investment commitments in August, including BYD's 17.9 billion baht ($491 million) electric vehicle production project.

The AITO M5 EV is available in two versions, targeting the market where the Tesla Model Y is located with a lower starting price of RMB 288,600 ($41,440).

The project, with an investment of 7.34 billion euros and a planned capacity of 100 GWh, will start construction of its first building within the year.

China's goal is to have 25 percent penetration of NEVs by 2025, but it now appears that target could be reached this year, according to a top government official.

Nio's in-car voice assistant's capabilities are expected to get a boost, with an industry veteran who had left Xpeng reportedly joining it.

It's a BYD Song Plus DM-i, and the family of models is BYD's best-selling, and China's best-selling SUV model.

From January to July, BYD's global share remained lower than LG Energy Solution, with the two at 12.6 percent and 14.2 percent respectively.

Despite China's policy of halving purchase taxes on mainstream ICEvehicles, the momentum driving growth in the NEV market is strong, the CPCA said.