Phate Zhang

Nio Capital has invested in an electrochromic technology developer last year, perhaps paving the way for the introduction of the technology.

That's a 25 percent upward revision from the company's previous mention of up to 1.2 million units, implying an average monthly sales of 125,000 units.

Great Wall Motor has already entered four ASEAN countries, Thailand, Brunei, Laos and Myanmar, and will launch regular operations in Malaysia, Vietnam, the Philippines and Singapore in 2022.

On Chinese social media, attention is focused on Mr. Li, who shares the same name as Nio's founder.

Xpeng will start small deliveries of the G9 at the end of August at the earliest, while large deliveries will start in September and reach 5,000 units in October, according to local media.

Nio and Red Star signed a partnership agreement a year ago to jointly build 60 charging and battery swap stations.

Promoting the start of construction of the Tesla design center project has become one of the Beijing government's priorities for 2022.

Nio's rumored supplier WeLion sees its Phase I solid-state battery project join the Xiaomi factory and Tesla design center on Beijing's 2022 priority to-do list.

Xpeng has reached retail partnership agreements in the Netherlands and Sweden and will open its first self-operated experience store in Sweden this week, the company's first in the international market.

This is a 23.53 percent drop from 94,460 units in December last year.