BYD

BYD sold 104,364 passenger BEVs in April, up 1.65 percent from March, and 105,103 PHEVs, up 1.63 percent from March.

BYD reported revenue of RMB 120.17 billion in the first quarter, up 79.83 percent year-on-year, although it was 23.15 percent lower than in the fourth quarter of last year.

The dual-currency counter model will provide BYD shareholders and potential investors with a new trading currency option that could further enhance the liquidity of its shares, BYD said.

BYD has officially launched the Seagull with a starting price of just RMB 73,800, after starting pre-sales of the Yangwang U8, which costs over RMB 1 million, last week.

Denza has yet to announce the price of the N7, though it is expected to target the RMB 400,000 market.

BYD Seagull was unveiled and started pre-sale on April 18 with a pre-sale starting price of RMB 78,800 and received more than 10,000 orders in 24 hours.

CATL and BYD's sodium-ion batteries to be put into mass production will both be a mix of sodium-ion and lithium-ion batteries, according to local media.

BYD's project in Chile is designed to produce 50,000 tons of lithium iron phosphate cathode material per year, with an estimated investment of at least $290 million.

With a range of up to 405 km, the BYD Seagull is expected to be one of the vehicle choices for many families for short trips.

Song L combines BYD's pioneering technology for young users who are looking for a stylish and sporty car, the company said.