Phate Zhang

Li Auto CEO said the X03 will surpass the Rolls-Royce Cullinan in terms of rear space and comfort.

Tencent is the largest institutional shareholder of Nio, and its holding subsidiary Tencent Music entered into a partnership with Dolby Laboratories last month.

Deliveries of the Li L9 will begin this month, and Li Auto expects the model's volume to exceed 10,000 units in September.

Speculation about the Li L8 may have led to a delay in consumer purchases of the Li ONE, a bigger cannibalization than the Li L9, according to Deutsche Bank analyst Edison Yu.

The new station, located in Vestby, will connect Norway's battery swap network to the planned network in Europe.

While Li Auto management continues to believe that the new flagship full-size L9 SUV will sell very well, near-term demand for the Li ONE has been grossly overestimated.

BYD has previously brought the Atto 3 to several markets including Australia, Singapore, Japan and Costa Rica.

BYD plans to invest RMB 28.5 billion ($4.2 billion) in a power battery base as well as a mining project in Yichun.

Li Auto expects third quarter revenue to be RMB 8.96 billion to RMB 9.56 billion, below market expectations of RMB 13.98 billion.

Xpeng will focus on building S4 ultra-fast charging stations in the 10 cities with the highest number of G9 orders this year.