Phate Zhang

Smart's new car will be built at a new plant in Xi'an, China, which will have an annual capacity of about 150,000 units.

Officials from China's top economic planner, the National Development and Reform Commission, recently researched the "battery swap model" of new energy vehicles and its application in Beijing.

With the development of smart connected cars, cyber data security issues have come to the fore and could pose significant security risks, a senior Chinese official said.

Xpeng Motors said Monday that it will unveil a new product Tuesday that it calls the "smart new species."

BYD said Friday that it sold 61,409 new energy vehicles in August, up 302 percent from a year ago and about 22 percent from July.

Sales of the BYD Han began in July last year, with cumulative sales to date standing at 110,344 units.

The global NEV sales are expected to grow 84 percent to 5.96 million units in 2021 and 40 percent to 8.37 million units in 2022, said CITIC Securities.

These over-allotment shares will be listed on the main board of the Hong Kong Stock Exchange starting at 9 am on September 8, Li Auto said.

Nio's pricing in Norway will take into account tariffs and shipping costs, but will not seek higher gross margins, the company had said.

GAC Group is actively exploring the adoption of battery swap on more or even all of its new models, the company's general manager Feng Xingya said.