Phate Zhang

Nio and CATL will focus on joint development of long-life batteries and battery swap compatibility technologies.

Nio Inc aims to maintain annual sales growth of 40% to 50% going forward, said William Li.

Xpeng said that its Chinese and Austrian teams are currently moving forward with next-stage R&D and production processes.

Tesla's retail sales in China came in at about 94,000 units in December, marking a year-on-year increase of about 13%.

The Zeekr 8X is expected to debut in the first quarter of 2026, with pricing starting around RMB 400,000 ($57,290), according to previous reports.

Shanghai targets an annual output value of about RMB 80 billion ($11.4 billion) for the core industries of its low-altitude economy by 2028.

Xiaomi targets 550,000 vehicle deliveries in 2026, representing about 34% growth from around 410,000 units in 2025.

Nio will hold a ceremony on January 6 at its F2 factory in Hefei to mark the rollout of its 1 millionth mass-produced vehicle, a local media reported.

BYD's full-year 2025 BEV sales reached 2,256,714 units, surpassing Tesla's 1,636,129 units for the first time.

Li anticipates China's NEV penetration rate will exceed 90 percent by 2030.