BYD

“While new launches should boost wholesale volume, we would monitor whether it could spark another round of price competition,” Morgan Stanley said.

The Seal 06 DM-i and Qin L DM-i are the first two models to feature BYD's fifth-generation DM technology, both available in five variants and with a price range of RMB 99,800 ($13,770) to RMB 139,800.

BYD's fifth-generation DM technology allows the vehicle to consume as low as 2.9 liters of fuel per 100 kilometers at low charge, with a combined range of up to 2,100 kilometers.

During the May 1-26 period, insurance registrations for Nio vehicles were 15,400, Tesla 43,900, BYD 209,900 and Xiaomi 6,700.

BYD plans to increase the number of its dealer stores in Brazil to 250 by the end of 2024.

Xiaomi has added CATL batteries to the standard variant of the SU7 instead of just BYD batteries as it did earlier to boost capacity.

BYD will launch its fifth-generation DM (Dual Mode) hybrid technology on May 28, which is expected to give vehicles a range of up to 2,000 km on a full tank of fuel and a full charge.

Between May 1-19, Nio had 10,000 insurance registrations, Tesla 30,800, BYD 154,900, Xiaomi 4,000, Li Auto 18,600, and Xpeng 4,800 units.

The BYD Shark can sprint from 0 to 100 km/h in 5.7 seconds and supports features including in-vehicle voice control and remote vehicle management.

The BYD Shark can accelerate from 0 to 100 kilometers per hour in 5.7 seconds, with an NEDC battery range of 100 kilometers and a combined range of 840 kilometers.