Phate Zhang

The X2's controls feel right at the fingertips, and it will go wherever the driver wants it to go, according to Xpeng CEO He Xiaopeng.

Whoever can be the first to schedule production for an order will win.

Xpeng is down 11 percent in the US this month, compared to Nio's 4 percent decline and Li Auto's 2 percent gain over the same period.

It's not clear if Xiaomi intends to enter the pickup truck market in the future. China is currently easing restrictions on the movement of such vehicles in urban areas.

Nio Capital led a recent funding round of about $50 million in ARM CPU startup CIX Technology, bringing the company's post-investment valuation to about $300 million, according to local media.

In an interview with McKinsey, Nio co-founder and president Qin Lihong explained in detail the results of the company's user operations and the longer-term considerations.

Lotus' Wuhan plant, with a total investment of more than RMB 8 billion ($1.2 billion), was officially completed on July 15.

This is the first production vehicle to be equipped with Huawei's full-stack smart car solution, and its delivery comes more than a year after its unveiling.

In a 94-page report, CITIC Securities shows the entire process of dismantling a Tesla Model 3.

The failure in the Li L9 test car is a one-off issue for non-production models, and Li Auto will address the issue in the final production vehicle, the company said.