NEV retail penetration reached 61.2% during the period as traditional combustion-engine cars fared worse.

Dreame has adopted a "Huawei-like model" to build cars, co-creating new auto brands with partners.

Rox Motor is accelerating its domestic market expansion in China through a new dealership model following initial success overseas.

Geely Galaxy teased the new Starship 7 EV, a sister model to the currently available Starship 7 EM-i hybrid SUV.

The suspension will prevent companies from adding new robotaxis, starting new test projects, or expanding to new cities, Bloomberg reported.

Excluding the impact of foreign exchange fluctuations, Geely's core profit grew 31%, contrasting with the broader weakness in China's auto market.

Tesla has removed the seven-year low-interest loan from its May car-buying incentives in China, keeping only five-year zero-interest financing plans.

Onvo president said L80 orders are slightly better compared to the L90's performance during the same period last year.

The Geely Galaxy M7 has a limited-time starting price of 109,800 yuan ($16,060) to challenge BYD in the highly competitive mass market.

The Onvo L80 is available for pre-sales starting at 245,800 yuan ($35,940) including the battery pack, 7.52% lower than the L90.