The proposal is based on Wang Chuanfu's confidence in China's NEV industry and the company's prospects, as well as his recognition of BYD's value to boost investor confidence, BYD said.
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Luxeed launched its first model, the Luxeed S7, on November 28 as a direct competitor to the Tesla Model 3.
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GAC Aion has entered the Cambodian automotive market in partnership with a local dealer, its second international market entry after Thailand.
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In October, China's NEV penetration at retail stood at 37.8 percent, up 7.6 percentage points from 30.2 percent a year earlier.
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The strategy of having a hybrid model as the third product is more of a practical move by Xiaomi to boost sales faster, local media said.
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China's November wholesale sales of passenger NEVs are estimated at 940,000 units, up 29 percent year-on-year and up 6 percent from October, the CPCA said.
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BYD's roll-on/roll-off car carrier Explorer 1 has completed its first 7-day sea trial in Yantai, Shandong province.
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In the January-November period, Zeekr delivered 105,209 vehicles, up 73.6 percent year-on-year.
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Aito's single-month delivery capacity in 2024 is expected to reach 30,000 vehicles, it said.
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Earlier today, Leapmotor announced promotions available for December, including up to RMB 17,000 in cash discounts, RMB 5,000 in option funds.
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