Phate Zhang

The BYD Seagull will be smaller than the Dolphin and is expected to have a starting price of less than 100,000 yuan ($15,000), according to local media.

Bridgewater held $120 million worth of Nio shares at the end of the second quarter, an increase of $8 million from $112 million at the end of the first quarter.

Xiaomi will invest RMB 3.3 billion in R&D for the first phase of its self-driving project and will deploy 140 test vehicles.

The Model Y is powered by BYD batteries with a capacity of 55-kilowatt hours and a range of 440 kilometers, according to a German media report.

Referring to the time it took to ship the Nio ES8 to Norway last year, the first Nio ET7s may not arrive in Europe until mid-October.

Through several years of technological upgrades, the price of batteries has come down a lot. But the price of raw materials has risen, making years of hard work all in vain, the official said.

HiPhi Z, Zeekr 009 and a new version of the BMW i3 appear in a regulatory catalog.

Nio will enter the German market this year, and the latest move appears to signal that the company is stepping up its efforts to build its brand image there.

CATL continued to rank first in July with a 47.19 percent share, but down from 49.6 percent in June. BYD's share was 25.23 percent, its second highest on record.

With China's policy support, the auto market will maintain steady growth in August, the CAAM said.