Phate Zhang

February sales of pure electric passenger cars were 246,000 units, up 154.5 percent year-on-year, while sales of plug-in hybrids were 75,000 units, up 338.6 percent year-on-year.

Li Auto's subsidiary engaged in venture capital was established on March 4 with a registered capital of RMB 600 million.

Construction of the project began on August 28 last year, and the main plant has largely been topped out, with some plants already starting to install equipment.

Deutsche Bank analyst Edison Yu's team offers the best explanation we've seen.

The CSRC said it respects regulation by foreign regulators, but firmly opposes the approach of some forces to politicize securities regulation.

Consumers in Denmark, the Netherlands, Norway and Sweden can now begin pre-ordering the P5 sedan, with customers in the Netherlands being able to test drive the model starting in April.

BYD Chairman Wang Chuanfu was seen visiting an Nio House campus and walking with William Li, sparking new rumors of a possible partnership between the two.

The BYD Destroyer 05 could be priced between RMB 120,000 ($19,000) - 150,000, according to local media.

The Model Y trailed the Mercedes-Benz GLC, BMW X3 and Audi Q5 in China in January, but sold about twice as many units as each of them in February.

Nio rose about 6 percent to an intra-day high of HK$169.50 at one point in early trading in Hong Kong today, but the gains narrowed after that.