Phate Zhang

The Nio ET7 outpaced two models from local brand Hongqi and was behind only the ICE models from German luxury automakers.

BYD did not announce a price for the model in Singapore; it is priced in China at RMB 137,800 ($20,590) to RMB 165,800 after subsidies.

Pre-orders for the BYD Seal began on May 20 with a starting price of RMB 212,800 ($31,860) and orders reached 22,637 units within seven hours.

Deliveries of the Nio ET5 are expected to begin in September, and the Xpeng G9 will be officially launched in September.

BMW sold 75,891 EVs worldwide in the first half of the year, but its sales in China were not announced, providing only a growth rate.

Tom Zhu, president of Tesla China, will oversee Tesla's Asia-Pacific region, a position previously held by a US executive, according to Bloomberg.

Against the backdrop of the halving of the ICE vehicle purchase tax, not only were NEVs unaffected, they improved more than expected sequentially, the CPCA said.

Tesla China exported just 968 vehicles in June and delivered 77,938 to Chinese consumers.

Ford began delivering Mustang Mach-E vehicles to customers in China at the end of December last year, and they have not performed anywhere near as well as the Tesla Model Y.

Nio (NYSE: NIO, HKG: 9866, SGX: Nio) is creative with user engagement, and its signature battery swap stations are now its playground.