Phate Zhang

Nio has opened its first offline used car experience store in Hangzhou, the first exclusive used car showroom we've seen in China created by a carmaker.

The city of Xi'an is home to important production sites for BYD and Geely.

Edison Yu's team has updated their list of Chinese EV startups they are bullish on, dropping WM Motor and adding Zeekr and Hozon Auto.

This is the first time the BYD Dolphin model has sold more than 10,000 units in the five months since its launch, with cumulative sales of 29,598 units since August.

Nio said it is notifying holders of its 4.50 percent convertible senior notes due 2024 that they will have the right to require the company to repurchase all or a portion of such notes.

BYD sold 48,317 all-electric passenger vehicles and 44,506 plug-in hybrids in December.

If December sales were 60,000 units, Tesla China would have sold 167,250 units in the fourth quarter, accounting for 54 percent of its global deliveries.

Former Nio executive Zhang Yang has started as CEO of Aiways, and his experience at Nio is expected to help turn around the company's current weak performance.

The delivery figure was well above analysts' expectations of 263,000 vehicles.

For the full year of 2021, Arcfox delivered 4,993 vehicles, it said.