Phate Zhang

The latest market capitalization of Nio, Xpeng Motors and Li Auto are now $17.8 billion, $6.9 billion and $18.5 billion, respectively.

ElectroMobility Poland's Izera brand will build a variety of electric vehicles based on the platform, the first of which will be a compact SUV.

Leapmotor's C-platform models and all future models will have both an all-electric version and a version with extended-range technology.

The Li L7 is essentially a five-seat version of the Li L8 and deliveries will begin in February 2023.

This is a key step in resolving a long-running bilateral dispute, a Reuters report said.

The Nio ET7 scored second only to the Tesla Model S and the Model Y in Safety Assist, with the latter two models both scoring 98 percent in this area.

Nio hopes to enter the mass market with two sub-brands, while BYD will enter the premium market with two new brands.

Faster deliveries may indicate that supply chain conditions are allowing Nio to ramp up capacity so that more consumers can access purchase subsidies that are due to expire at the end of the year.

BYD said its semiconductor business will add large investments that are expected to have a significant impact on the unit's future assets and business structure.

Faster deliveries from Tesla in China near the end of the year are expected to allow more local consumers to take advantage of the expiring state purchase subsidies.