Phate Zhang

The purchase tax will be cut in half for passenger cars of 2.0 liters and below with a purchase date between June 1 and December 31 and with a price not exceeding RMB 300,000.

Denza's next mass-produced midsize luxury five-seat SUV is closely related to this concept, an executive said.

In a joint project between the two, Innovusion's Falcon ultra-long-range LiDAR will serve as the primary vision radar on TuSimple's heavy truck models.

Gotion's power cell production capacity in China is expected to reach 100 GWh by the end of this year.

In addition to acquiring Nio vehicles and selling them, Nio has begun offering a service to facilitate users to sell their vehicles directly to others.

Tesla, Nio showrooms will be opened soon, and the launch of Nio ES7 will not be far away.

The base will start construction in mid-June, with prototype production expected to begin in May 2023 and full production in 2024.

Xpeng CEO said the company expects to see the industrial park bring in 80 to 100 companies from the supply chain in the next 2 to 3 years.

Xpeng's CEO believes that China's EV industry started early and it will take at least 10 more years of hard work to truly lead the world.

In the meantime, BYD's stock traded in Shenzhen is getting closer to its all-time high.