Phate Zhang

As of December 30, Nio had 756 battery swap stations in China, 203 of which are located along highways.

The average insurance cost quoted for Xpeng's flagship sedan, the P7, rose 18.2 percent from RMB 5,600 to RMB 6,622.

This comes just four days after deliveries of the Ford Mustang Mach-E to the first Chinese buyers began on December 26.

As exclusive insurance for NEVs has recently become available in China, and some owners have raised concerns about the rising cost of their insurance premiums.

Beijing's quota for fuel car license plates has been reduced from 40,000 in 2021 to 30,000 in 2022, and the quota for NEV license plates has been increased from 60,000 to 70,000.

Car building is a long race, and a company will not necessarily stay ahead at the end because it is ahead for a while, but Xpeng has the potential to do so, said He Xiaopeng.

Local automotive media has released several spy photos of what is being called the Nio ES7 SUV, showing the exact same roof LiDAR setup as the ET7.

Subsidy rollbacks won't mean less competitiveness for NEVs, but will instead promote a more mature industry, said Grace Tao, Tesla's global vice president.

William Li said he believes the economy as a whole is rational and that ultimately people look at the nature of business, and he doesn't particularly care about short-term stock price adjustments.

BYD plans to deliver 100 all-electric passenger cars to Laos in the first quarter of 2022.