Phate Zhang

From mid-October, new Model Ys coming off the Tesla Giga Shanghai production line will be equipped with improved rear seats and an additional manual release for the rear doors.

Gotion expects third-quarter net profit to reach RMB 82.35 million ($11.45 million) to RMB 97.19 million, up 318.9 percent to 394.4 percent from a year ago.

This is the first time that ZF has secured a business partnership in Asia Pacific for steer-by-wire, a technology necessary to enable autonomous driving.

Geely says the Xingyue L Hi-P has a battery range of more than 200 kilometers and can be used as a BEV in the city. For long-distance trips, consumers can use EVER or PHEV mode.

Voyah's first sedan is 5,088 mm long and features dual electric motors with peak power of 160 kW and 215 kW at the front and rear, respectively.

Huawei-backed AITO already has the capacity to sell 20,000 cars per month, according to Richard Yu.

Aiways hasn't gained much of a presence in China, but its vehicles have made their way to a dozen other countries.

Volkswagen will take a 60 percent stake in the joint venture, and its software subsidiary Cariad will develop autonomous driving solutions with Horizon Robotics.

Some buyers would naturally be concerned about the residual value of a new brand, and a monthly subscription option allows customers to try out the cars, according to Edison Yu's team.

The joint venture will reportedly focus on developing self-driving technology and wireless connectivity software for Volkswagen.