Phate Zhang

Nio will spare no effort to achieve its target of turning a profit in the fourth quarter and accept any possibility, William Li said.

Xpeng donated HK$5 million and BYD donated HK$10 million to support relief efforts for the Tai Po fire in Hong Kong, which has already claimed dozens of lives.

Li Auto will begin commercializing its M100 chip next year, hoping it will deliver a significant upgrade to the user experience of its products.

Li Auto aims for the device to serve as a gateway for more users to experience its AI capabilities as it strives to become a global AI leader.

Zhao Changjiang has joined Luxeed, the new brand jointly created by Huawei and Chery, as its marketing general manager, according to a local media report.

Li Auto posted a net loss of RMB 624 million yuan ($87.7 million) in the third quarter, marking its first return to a loss since the fourth quarter of 2022.

Analysts at CMB International believe Nio won't be able to break even in the fourth quarter, citing the difficulty in controlling sales and administrative expenses.

About 2,000 Chinese workers will participate in the factory's construction, with production expected to start by late 2026, according to Reuters.

Nio will launch two new models in the second quarter of 2026 and one new model in the third quarter.

Nio's third-quarter net loss decreased 31.2 percent year-on-year as R&D expenses fell 28 percent, while SG&A expenses remained largely flat from last year.