Phate Zhang

The AITO M5 EV is available in two versions, targeting the market where the Tesla Model Y is located with a lower starting price of RMB 288,600 ($41,440).

The project, with an investment of 7.34 billion euros and a planned capacity of 100 GWh, will start construction of its first building within the year.

China's goal is to have 25 percent penetration of NEVs by 2025, but it now appears that target could be reached this year, according to a top government official.

Nio's in-car voice assistant's capabilities are expected to get a boost, with an industry veteran who had left Xpeng reportedly joining it.

It's a BYD Song Plus DM-i, and the family of models is BYD's best-selling, and China's best-selling SUV model.

From January to July, BYD's global share remained lower than LG Energy Solution, with the two at 12.6 percent and 14.2 percent respectively.

Despite China's policy of halving purchase taxes on mainstream ICEvehicles, the momentum driving growth in the NEV market is strong, the CPCA said.

The Li L8 will be built on the same platform as the Li L9 and can be seen as a scaled-down version of the Li L9, as previously reported by some local media.

China supports NEV companies to accelerate the construction of overseas marketing and after-sales service networks and increase brand promotion efforts, a senior official said.

BYD's pure electric vehicle models will increase in price by RMB 10,000 and plug-in hybrid models will rise by RMB 6,000, local media reported earlier.