Phate Zhang

This could be seen as Xiaomi EV achieving its first quarterly profit, as the EV business contributed 97.6 percent of Xiaomi's innovative business revenue.

Nio announced in August that it had partnered with an automotive retailer in Singapore to launch Firefly there in 2026.

The 2025 Guangzhou auto show will begin on November 21, with Onvo's booth located opposite Xiaomi EV.

Xpeng aims to achieve breakeven in the fourth quarter.

Xpeng posted a net loss of RMB 380 million ($50 million) in the third quarter, its smallest since the third quarter of 2020.

BMW and Momenta are conducting development and testing across four bases in Beijing, Shanghai, Shenyang, and Nanjing.

Geely Auto reported a net income of RMB 3.82 billion ($538 million) for the third quarter, marking a 59 percent year-on-year increase.

The Nio ES6 Milestone Edition starts at RMB 349,800 ($49,240), which is RMB 11,800 or 3.49 percent higher than the standard ES6.

Xpeng began pre-sales of the extended-range X9 MPV on November 6, with a starting price of RMB 350,000 ($49,300).

Leapmotor's initial 2025 sales target was 500,000 to 600,000 units, which was raised in August to 580,000 to 650,000 units.