BYD

BYD last month began converting its pouch-type battery cell production lines at two of its factories to produce prismatic batteries, but is still producing pouch cells at a third plant, according to Reuters.

BYD will invest RMB 100 billion in vehicle intelligence in the future to lead the way in NEV development, the company's chairman said.

The price war for power batteries is intensifying, with the world's two largest battery makers reportedly pushing battery costs down further.

The BYD Sealion 07 will be available in single- and dual-motor versions and support a top speed of 225 km/h.

BYD Explorer No.1 will be open to partners while serving BYD in the future, the NEV maker said.

The Yangwang U7 is powered by four motors, each with a peak power of 240 kW.

BYD has held discussions with Sigma Lithium about a possible supply agreement, joint venture or acquisition, an executive at the NEV maker said, according to the Financial Times.

European Commission investigators will come to inspect Chinese carmakers in the coming weeks as part of an investigation into whether to impose punitive tariffs to protect Europe's EV makers, Reuters reported.

Yangwang says the U7 measures 5,265 mm in length and has a wind resistance of Cd 0.195, the lowest of any production sedan in the world.

CATL and BYD both saw their share of the Chinese power battery market increase slightly in December.