Phate Zhang

The new joint venture will handle battery procurement for Honda's two joint ventures in China, instead of the two companies buying batteries from CATL separately as they did before.

Jidu plans to launch a limited edition of its first model in partnership with the Chinese Lunar Exploration Program, with a limited number of 1,000 units and exclusive rights for owners.

With the exception of the entry-level Model Y, which has a wait time of 1-4 weeks, Tesla has further reduced the expected delivery dates for all of its models in China by 6 weeks.

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.