BYD

Deliveries of the Denza D9 EV began last week, with an executive saying at the time that the Denza received more than 10,000 new orders in February.

The Nio ET5 contributed 53 percent of the volume with 1,786 insurance registrations last week.

The first product of the F brand will be launched within the year and will focus on the off-road segment, according to local media.

BYD's battery base in Wenzhou has a planned investment of RMB 6.5 billion, with the first production line expected to start production in 2024.

The price cuts are promotions by some dealers in some areas, and BYD is not considering cutting prices at the moment, a company source said.

This is BYD's first price cut this year, meaning that keeping market share stable in 2023 may be more important than maintaining profit margins.

BYD's personalized new brand has an internal code name of "F Brand" and the first model could be an off-road SUV like Great Wall Motor's Tank 300, local media said.

BYD's figure was higher than the previous week's 31,417 units, Nio's was higher than the previous week's 3,045 units, while Tesla's was lower than the previous week's 6,963 units.

If all the manufacturing space BYD has to build cars in China is counted, it would amount to a big percentage of Manhattan island, Munger noted.

BYD will sell all-electric versions of its Tang SUV and Han sedan through seven dealers in Mexico in 2023, an executive said last year.