Phate Zhang

Considering the potentially prolonged litigation with Audi, Nio has decided to use the EL7 model name in Europe for now in order to avoid affecting the interests of customers in Europe.

Nio's move appears to be a response to a previous lawsuit from Audi, as it enters the home turf of the luxury brand owned by Volkswagen.

CALB hopes to reach the top five in the global electric vehicle battery market within a year and become one of the top three in three to five years, its chairwoman said.

The partnership began with SIXT's initial order for thousands of BYD's all-electric vehicles, with first deliveries in the fourth quarter of 2022.

"Fab 5 China EV sales came in mixed during September as product transitions and the supply chain hurt delivery volume," Edison Yu's team said.

BYD's flagship Han family of sedans sold 31,497 units in September, while Seal, seen as a strong rival to the Tesla Model 3, sold 7,473 units.

BYD sold 94,941 pure electric vehicles in September, up 161.5 percent from 36,306 units in the same month last year.

Tesla delivered a record 343,830 vehicles globally in the third quarter, but missed analysts' expectations of about 357,900 vehicles.

Polestar has raised the prices of all three versions of the Polestar 2 in China, blaming the continued sharp rise in the prices of raw materials.

Two workers on the production line at Tesla's Shanghai plant were cited by local media as saying they could receive three times their usual pay for the first three days of the holiday, which runs from October 1-7.