The Voyah Passion L targets the luxury sedan market, competing against the BMW 5 Series, Audi A6L, and Mercedes-Benz E-Class in China.

JAC becomes the latest Chinese automaker to enter the flying car arena, following Xpeng, Chery, GAC, Changan, and FAW.

This marks a rare year-end decline in NEV sales over recent years, as support policies are scaled back.

BYD maintained its dominant lead in the global BEV market in the third quarter, followed by Tesla and Geely.

Changan's NEV sales approached 1 million units in the first 11 months of this year.

As of this writing, Seyond was up 7.5 percent to HK$10.75 per share, with a market capitalization of HK$14.6 billion ($1.88 billion).

The YU7 GT is likely to become Xiaomi's first model launched in the European market, competing with vehicles including the Tesla Model Y Performance.

BYD's share edged slightly higher than October's, while Tesla made its return to the top 10 after falling out of the rankings last month.

The milestone comes 78 days after the Shangjie H5's launch.

EREV models with large battery packs not only sacrifice interior space but also create unnecessary cost burdens, said Onvo's president.