Phate Zhang

The CAAM deputy chief engineer Xu Haidong said Saturday that preliminary estimates suggest China's auto sales could grow 6.5 percent this year, up from the 4 percent forecast in January.

The company said the Voyah FREE uses an engine that delivers a quiet, smooth experience, which is what makes the new extended-range technology, perhaps alluding to its superior technology to the Li ONE.

The Nio House is the company's flagship experience center that functions far beyond displaying and selling vehicles, but is also a space for Nio to offer a quality lifestyle to vehicle owners.

The chip shortage is expected to ease from the third quarter, especially from the fourth quarter, and it is possible to make up for the loss, he said, adding, "We don't think it will have an excessive impact on full-year sales."

By the end of May 2021, China had about 5.8 million new energy vehicles, accounting for about 50 percent of the world's total, Xinhua news agency said Friday.

Nio's first second-generation battery swap station in Yangzhou City, Jiangsu Province, in eastern China, is in operation, bringing its total number of such energy replenishment facility in China to 261.

In the next five to eight years, China will gradually phase out and replace about 200 million vehicles with exhaust emissions that meet only "China IV" standards and below, giving the electric vehicle market huge space.

Chinese electric car company Xpeng Motors said Friday that it will launch a facelift of its compact SUV G3, the G3i, in July, with deliveries starting in September.

Beijing Electronic Zone High-Tech Group said Friday it has entered into a partnership with Nio to bring the latter's second-generation battery swap station into its digital new media innovation industrial park in Beijing.