BYD

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.

The vessel, named BYD Explorer No.1, was chartered to BYD by the ship owner and will sail to Europe after loading vehicles.

BYD ranks No. 1, Tesla No. 2, and Nio No. 9 in terms of NEV market share in China in 2023.

Yangwang U7 will have more than 1,000 horsepower and will push the limits of sedan performance, Yangwang said.

CATL's share in the January-November period was higher than the 35.7 percent it achieved in the same period last year, and higher than the 36.9 percent in the January-October period.

BYD has started construction on its sodium-ion battery facility in Xuzhou, Jiangsu province, with a total investment of RMB 10 billion and a planned annual capacity of 30 GWh.

BYD sold 526,409 passenger BEVs in the fourth quarter, 8.65 percent higher than Tesla's 484,507 global deliveries.

For dealer stores that meet their sales targets, BYD will give them a reward of RMB 666 for every vehicle they have sold, according to local media.

The Yangwang brand delivered 1,593 vehicles and Fang Cheng Bao 5,086 vehicles in December.