JAC

This marks the success of a homegrown Chinese luxury sedan with a starting price of RMB 708,000 ($100,540).

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

Maextro will launch SUV and MPV models next year, each available in both standard and long wheelbase versions, according to a local media report.

WeLion and JAC Yiwei will work together to develop a model powered by 4695 large cylindrical semi-solid battery cells with a range of 600 km to 1,000 km.

The sodium-ion battery-equipped model has a battery pack capacity of 23.2 kWh, a CLTC range of 230 km, and can be charged from 10 percent to 80 percent in 20 minutes.

JAC's gross profit from its main businesses decreased by about RMB 832 million in the January-June period compared to the same period last year due to rising prices of raw materials.

Although JAC did not specify, its EV sales should include Nio vehicles that it manufactures on its behalf.

JAC and Black Sesame will build an intelligent driving platform based on the latter's HuaShan-2 A1000 autonomous driving computing chip for the Sehol family of vehicles.

JAC sold 27,387 units of all models in April, down 48.4 percent from 53,034 units in the same month last year.

This represents a 55 percent increase over the 9,200 units sold in the same month last year and a 39 percent increase over the 10,251 units sold in February.