Phate Zhang

In the second half of the year, the electrification trend will continue at an accelerated pace as premium models become available and subsidies recede causing people to purchase vehicles earlier, the team said.

In China, the partnership with Huawei has made people know Seres but not Chongqing Sokon.

As of early July, BYD's cumulative order backlog has exceeded 700,000 units, according to local media.

The committee has retained independent professional advisors to assist in the investigation, including an international law firm and a leading forensic accounting firm, Nio said.

The all-solid-state battery cells show excellent cycling performance, with 71 percent capacity retention even after 20,000 cycles.

CATL gained more share in June, as its major customers saw their output further return to normal.

The CAAM said China's NEV sales are expected to reach 5.5 million units in 2022, up 56 percent year-on-year.

Mercedes-Benz and Tencent will establish a joint lab to speed up the German luxury carmaker's development of self-driving technology in China.

Nio bought back shares from strategic investors in Anhui twice, in 2020 and 2021, and there is no such thing as a future "gambling" failure, CEO William Li said.

Tesla Model Y retail sales in China in June were 52,150 units, well above the second place BYD Song's 31,787 units.