Phate Zhang

Following the completion of this expansion project, the plant's production efficiency has increased by 45 percent and customization capacity has increased by 35 percent, GAC Aion said.

Deutsche Bank maintains a Hold rating on Li Auto and a $34 price target, implying a 14.8 percent upside.

To date, Tesla has more than 1,100 Supercharger stations in the Chinese mainland, offering more than 8,300 piles.

January sales of pure electric passenger cars were 335,000 units, up 127.3 percent year-on-year, while sales of plug-in hybrids were 85,000 units, up 198.3 percent year-on-year.

A Tesla vehicle flew over a river that is more than 10 meters wide at a speed of more than 100 kilometers per hour, according to local media.

BYD has signed a memorandum of understanding with an Uzbek company and agreed to study the feasibility of jointly producing electric passenger cars and electric buses in Uzbekistan, a report said.

A designated driver has been ordered to pay Tesla 20,000 yuan ($3,155) in damages and to apologize for at least 30 days.

The price range of BYD Seal is expected to be in RMB 220,000 ($34,710) - 280,000, and it could be unveiled around the Beijing Auto Show in April, according to local media.

Volkswagen is in talks with Huawei with plans to buy the latter's self-driving unit for billions of euros, German media reported.

The aircraft is powered by eight rotors during takeoff and landing, and enters fixed-wing cruise mode after reaching an airspeed of 160-180 km/h.