China EV 100

William Li talked about a lot of issues in an interview, including sub-brands, collaboration with other car companies on battery swap services, priorities for 2024.

Huawei's automotive business is expected to turn a profit this year, bolstered by mid-to-high-end models built in partnership with automakers, the unit's chairman said.

Li said batteries with lifetimes of up to 15 years are technically feasible, but it will take a concerted effort by the entire industry to advance the goal.

BYD's chairman predicted a month ago that China's monthly NEV penetration rate would exceed 50 percent within this year, and now he expects that figure to be seen within the next three months.

Xpeng will launch a new brand in the next month, targeting markets priced between RMB 100,000 and RMB 150,000, the company's CEO said.

Nio has nearly completed 20 million battery swap services, with an average of one Nio vehicle leaving a battery swap station with a fully charged battery every 1.9 seconds, said Li.