Phate Zhang

Li Auto's range extender production base in Mianyang, Sichuan province, has a planned capacity of 200,000 units in the first phase, with 80,000 units expected in 2022.

M-Hero's M Tech architecture boasts a power platform with over 1,000 horsepower, allowing the vehicle to accelerate from 0 to 100 kilometers per hour in 4.2 seconds.

Several offline BYD dealership stores in Europe will open in the fall, and the first vehicles are expected to be delivered starting in the fourth quarter, BYD said.

The HiPhi Z with futuristic design is available in five-seat and four-seat versions with starting prices of RMB 610,000 ($88,800) and 630,000 respectively.

In addition to Zeekr, the Huawei-backed AITO brand will also be one of the first to use the Qilin Battery.

For Nio, it will see greater competitiveness in Europe than in China, said Qin Lihong.

China and the US signed an agreement on audit regulation and will launch the cooperation in the near future, according to a statement.

Hong Kong's Financial Reporting Council said it supports mutual cross-border cooperation and will provide all necessary assistance and make appropriate arrangements within its mandate.

Toyota will launch an electric sedan called the bZ3 in China in which the battery and the motor are supplied by BYD.

Nio delivered 25,059 vehicles in the second quarter, above the upper end of its previous guidance range of 23,000-25,000 vehicles.