BYD

BYD has set a budget of more than $20 billion for its commercial vehicle division through 2025, with major spending planned for research, product development and capacity expansion, according to the Wall Street Journal.

CATL's battery installations rose 6.5 percent year-on-year in January, below the industry's growth rate of 18.1 percent.

The Denza N7 SUV is expected to be released in the first half of this year and is expected to target a market of around 400,000 yuan ($57,800).

The model will be equipped with BYD's new powertrain and will outperform the Mercedes-Benz G-Class, according to local media.

Song family models priced around RMB 150,000 contributed 27 percent of BYD's total passenger car sales in February.

BYD sold 90,639 pure electric passenger vehicles and 101,025 plug-in hybrid passenger vehicles in February.

Deliveries of the Denza D9 EV began last week, with an executive saying at the time that the Denza received more than 10,000 new orders in February.

The first product of the F brand will be launched within the year and will focus on the off-road segment, according to local media.

BYD's battery base in Wenzhou has a planned investment of RMB 6.5 billion, with the first production line expected to start production in 2024.

The price cuts are promotions by some dealers in some areas, and BYD is not considering cutting prices at the moment, a company source said.