Phate Zhang

The growing number of models that support high-power charging will drive the adoption of EVs to a critical mass, which could double the speed of China's transition to EVs, Morgan Stanley said.

The latest financing brings Sunwoda EVB's valuation to about RMB 30 billion and takes it one step closer to a spin-off IPO.

Nio will collaborate with its partner to build charging stations and battery swap stations on major highways and high-traffic service areas in Henan.

The Polestar 6 is expected to go on sale in 2026, with reservations in China to open shortly.

Power crunches are occurring in parts of China amid persistent hot weather, rekindling memories of a similar situation last September.

This is one of the new overseas markets that BYD has intensively announced in the last month that it has entered. Its local counterpart, Nio, will also enter Denmark this year.

"Together, China & the US can make things happen," said the Chinese Ambassador to the United States Qin Gang.

Li Auto CEO said the X03 will surpass the Rolls-Royce Cullinan in terms of rear space and comfort.

Tencent is the largest institutional shareholder of Nio, and its holding subsidiary Tencent Music entered into a partnership with Dolby Laboratories last month.

Deliveries of the Li L9 will begin this month, and Li Auto expects the model's volume to exceed 10,000 units in September.