Phate Zhang

Nio's customers want to see a phone that connects better with cars, which has prompted the company to study the industry, Li said.

Svolt Energy and BASF Shanshan will each take a 10 percent stake in Yongshan Lithium.

Whether the companies are actually delisted in the next two years will ultimately depend on the progress and outcome of the US-China audit and regulatory cooperation, the CSRC said.

Development of the brand's platform is now in a substantial stage, with prototype testing results meeting expectations.

BYD conservatively expects to sell 1.5 million vehicles in 2022, or 2 million if supply chain conditions improve.

The BYD Seal is based on the company's Ocean-X concept car and is seen as the most direct competitor to the Tesla Model 3.

Average daily retail sales of passenger cars in China fell 18 percent year-on-year in the first four weeks of March, with both the third and fourth weeks down 29 percent year-on-year.

China will deploy flying car research and development to break through technologies such as the integration of flying vehicles with cars and the free switching of flight and ground travel, a government document reads.

Pony.ai and Sinotrans have committed more than 100 trucks and will begin container transportation operations.

More companies' new product launch plans have been derailed by the new wave of Covid outbreaks.