BYD

Currently in production is the first phase of BYD's Zhengzhou base, with a planned annual capacity of 400,000 vehicles.

The world economy is currently in a difficult period of complexity and change, and dealing with risks and challenges requires firm confidence and stable expectations, Wang said.

The Qin family of models sold a record 40,850 units in March, surpassing the Song family's 40,510 units to become the best-selling BYD model for the month.

In the first quarter, BYD sold 552,076 NEVs, up 92.81 percent year-on-year, but down 19.22 percent from the fourth quarter of last year.

Previous reports suggested that the BYD Seagull would be offered in both sodium-ion and lithium-ion battery-equipped versions, but this was not confirmed by BYD.

The first model of BYD's F-brand, codenamed SF, will target the RMB 400,000 to 600,000 market.

BYD aims to sell at least 3 million vehicles this year and strive to reach 3.6 million, said Wang Chuanfu, its chairman and president.

CATL's share in January-February was the same as in January, while BYD saw its share rise.

BYD previously hinted that the technology is expected to give the vehicle ride an emperor's seat-like feel.

The Denza N8 will be a mid to large-size SUV that will be available in 5-, 6- and 7-seat versions.