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Nio is expected to enter the Hong Kong market in the fourth quarter and will work with a distributor to sell cars, according to a local media report.
Lexus' EV plant in Shanghai is expected to be completed in August 2026 and begin production in 2027, with an annual production capacity of 100,000 cars.
Tesla has raised the price of the long-range Model 3 in China to RMB 285,500 and extended the range from 713km to 753 km.
Nio Inc, including the Nio, Onvo, and Firefly brands, had 5,110 insurance registrations in China last week, down 18.89 percent from 6,300 units the previous week.
Nio has added 62 battery swap stations in China so far this month, and aims to add about 200 in total this month.
Xiaomi EV entered CPCA's monthly leaderboard for the first time, coming in at No. 9 in the NEV market with 23,728 sales and a 3.4 percent share.
BYD's car sales target for 2025 is 5.5 million units, including more than 800,000 in overseas markets, according to local media.
Xpeng announced shortly after the launch event that the Mona M03 saw firm orders exceed 10,000 units in 52 minutes.
BYD's passenger BEVs sold fewer units in June than in May, while sales of PHEVs hit their 4th consecutive record high.
BYD (HKG: 1211, OTCMKTS: BYDDY) saw its share of China's electric vehicle (EV) battery market grow in February, as its vehicle sales rebounded, while CATL (SHE: 300750) saw a small decline. In ...
Xpeng Aeroht is aiming to start mass production and deliveries of its modular flying car in 2026, with a price tag that will be no more than RMB 2 million ($280,000), its founder said.
Tesla sold 73,490 vehicles in China in November, its highest month of this year. Giga Shanghai's exports in November were the lowest since June 2022 at 5,366 units.
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