Phate Zhang

Some villagers use the Model Y as a mobile vending cart, others use it as a camping facility to host tourists.

The price target implies a 44 percent upside.

In the Chinese definition, driving automation is divided into six levels, with levels 0-2 being driver assistance, where the system assists humans in performing dynamic driving tasks.

The first phase of the institute will be over 8,000 square meters in size and is expected to be completed and operational this year.

Edison Yu's team believes that February's delivery decline reflects the seasonality of the Chinese New Year and that March is expected to see a strong rebound.

In the fourth quarter of last year, Baidu's robotaxi platform Apollo Go saw about 213,000 orders for manned rides, an increase of nearly 100 percent from the third quarter.

Sunwoda plans to invest about RMB 12 billion ($1.9 billion) to build a 30 GWh power battery production facility in Zhuhai, Guangdong province.

That's down 46.8 percent from 16,031 units in January, which the company blamed on the Chinese New Year holiday and the impact of capacity expansion at its plant.

This is a 35 percent decrease from 11,009 vehicles in January. Neta now offers three models in China, most starting at less than 100,000 yuan.

Zeekr has delivered a total of 12,453 Zeekr 001s since deliveries began in October last year.