Phate Zhang

The model is aimed at the mobility market and was jointly developed by Livan and Geely's ride-hailing subsidiary Cao Cao Mobility.

Nio, Xpeng, Li Auto thrive on products and ecosystems, but fierce competition requires significant investment to stay competitive, according to Fitch.

Tesla sold 59,845 China-made vehicles in January, of which 40,499 were exported.

The heavy trucks are powered by CATL's lithium iron phosphate batteries, which support both high-power fast charging and quick battery swaps in 3-5 minutes.

Xpeng said the extremely tight supply of key components, including lithium iron phosphate batteries, has created great uncertainty in the production of some models.

Nio's plan to enter the cell phone market emerged before smartphone giant Xiaomi announced its entry into the car-making business, according to local media.

Jidu and ZF have signed a strategic agreement to jointly develop smart chassis, which is seen as the hardware foundation for advanced autonomous driving technology.

After Nio issued the first ABS for carbon-neutral projects in China at the end of October last year, Xpeng also successfully used this instrument to obtain financing from the Chinese capital market.

Rising Auto says the R7 can swap batteries in as little as 2.5 minutes.

Volkswagen is in discussions with Huawei about acquiring the latter's self-driving team and plans to announce further information by the end of March, local media said.