Phate Zhang

The Li L8 will be built on the same platform as the Li L9 and can be seen as a scaled-down version of the Li L9, as previously reported by some local media.

China supports NEV companies to accelerate the construction of overseas marketing and after-sales service networks and increase brand promotion efforts, a senior official said.

BYD's pure electric vehicle models will increase in price by RMB 10,000 and plug-in hybrid models will rise by RMB 6,000, local media reported earlier.

Nio currently offers 260 Dolby Atmos-enabled movies and nearly 200 3D movies, with more PanoCinema-exclusive audiovisual content to come.

The Denza D9 is expected to deliver more than 3,000 units in October and 5,000-7,000 units in November, an executive said.

Of the Chinese car-making trio, only Nio has perfectly solved the dilemma of replacing existing models with new ones in the past.

BYD's flagship Han family of sedans sold 26,003 units in August, while the flagship Tang family of SUVs sold 10,815 units.

The Nio ET5 will be available in showrooms starting September 9 and will begin allowing consumers to lock in their orders, with its open test drive coming after that date.

BYD's vehicle deliveries in August were impacted by power constraints and Covid outbreaks. The company is aiming for 280,000 units of monthly deliveries by the end of the year.

Berkshire reduced its stake in BYD to 18.87 percent on September 1 after cutting its holdings by 1.716 million BYD H shares.