Phate Zhang

Edison Yu's team expects overall Chinese EV sales to set a new record in June and continue to increase through the rest of the year.

AITO's only current model, the Wenjie M5, saw 10,685 new orders in June, it said.

When CATL announced the Qilin Battery last week, it said the battery could be charged to 80 percent in as little as 10 minutes. The latest battery technology it teased cuts that time even further.

Xpeng delivered 34,422 units in the second quarter, above its previous guidance range of 31,000 to 34,000 units.

Nio delivered 25,059 vehicles in the second quarter, above the upper end of its previous guidance range of 23,000-25,000 vehicles.

Li Auto delivered 28,687 units in the second quarter, up 63.23 percent from the same period last year, but down 9.55 percent from the first quarter.

Sokon is one of Huawei's most important partners in the automotive sector, and the two are jointly building new models under the AITO brand.

Leapmotor's main selling model, the T03, has a price range of RMB 68,900 ($10,270) - RMB 84,900.

Neta's currently available models - Neta V and Neta U - target the lower end of the market, with starting prices of RMB 74,900 ($11,160) and RMB 117,800, respectively.

A well-known car blogger who slammed Nio for not having the ability to build a car three years ago has become one of the first owners of an ET7.