On October 20, a local media outlet reported that orders for the Yangwang U8, which was officially launched on September 20, exceeded 30,000 units.
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Excluding exports, China's NEV sales in October were a record 832,000 units, up 2.9 percent from September.
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The Luxeed S7, the first sedan jointly created by Huawei and a carmaker, will be officially launched on November 28.
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The ES6 remains the best-selling Nio model, but deliveries were down from September, while deliveries of the EC6 coupe SUV were up significantly.
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BYD is aiming to sell at least 3 million NEVs in 2023, with nearly 2.4 million sold this year through the end of October.
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China's NEV penetration rate at retail was 37.8 percent in October, up from 36.9 percent in September.
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China's lithium battery industry's overcapacity will continue into 2024, and battery prices will still decline next year, TrendForce said.
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CATL and BYD's shares in January-September both declined slightly from January-August.
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China's passenger NEV penetration at retail stood at 37.7 percent in October, up from 36.9 percent in September.
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Luxeed shared images of the Luxeed S7 on Weibo, showing off the exterior details of the sedan.
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