Phate Zhang

LFP batteries are the right choice for China to avoid resource supply constraints, as the country has sufficient lithium resources but a severe shortage of cobalt and nickel, said BYD's chairman.

BYD is expected to launch models in Europe including the Tang, Han, and the Yuan Plus, which will be locally named the Atto 3.

Nio did not announce what the event will involve, although it can be expected that the ET7 will be formally introduced to European consumers.

Li Auto has moved up the release of the Li L8 by one month and said it will launch and deliver the Li L7 in the first quarter of 2023.

Nio's bosses checked out the construction of the company's Nio House and its first battery swap station in Germany as they are on a 10-day road trip in an ET7.

Pony.ai has entered into a strategic partnership with Geely's ride-hailing unit Cao Cao Mobility and the Geely Intelligent Driving Center to build a robotaxi fleet within the year.

SAIC's Rising Auto, Roewe, MG and Maxus brands will launch battery swap-enabled models, with the Rising Auto R7 being the first such model.

FlexGen was previously appointed as an authorized service provider to CATL and the two have worked together on more than 2.5 GWh of energy storage system projects.

As of press time, Nio and Li Auto also plunged, albeit to a lesser extent, at 9.24 percent and 5.85 percent, respectively.

Judging by Xpeng's stock performance, investors don't seem to like the pricing of the Xpeng G9, despite the fact that it's another great product for the Chinese market.