Phate Zhang

Nio Inc's deliveries in May are expected to be up 31 percent year-on-year and up 13 percent sequentially.

BYD chairman Wang Chuanfu delivered the 10,000th N9 to Zhou Jian, founder of UBTech.

"In China, we see intense competition and Tesla is no longer seen as the technology leader."

Xiaomi's innovative businesses, which include EV and AI, posted a gross margin of 23.2 percent in the first quarter, up from 20.4 percent in the fourth quarter last year.

Nio Inc, which includes the Nio, Onvo, and Firefly brands, saw 6,530 insurance registrations in China last week, a 1.80 percent decrease from the previous week.

The energy storage station uses the latest high-capacity sodium-ion batteries with a top response speed six times faster than other existing sodium-ion batteries.

Initial supervised trial runs are set to launch in 2025, followed by fully driverless operations in 2026.

Changan has delivered the first 1,000 units of Oshan 520 sedan built on CATL's battery swap standard for use as cabs.

Xiaomi will showcase the YU7 at the Shenzhen auto show starting this weekend, which will mark the debut of its first SUV model at an auto show.

BYD shares were down 6.53 percent in Hong Kong and 3.89 percent in Shenzhen at press time.