China's NEV sales declined significantly in the first three weeks of February, mainly due to the Chinese New Year holiday.
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Buick has become the latest to join the price war, with significant price cuts for all four trims of the Electra E4.
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From February 8-17, Li Auto owners drove 74.73 million kilometers with the AD assisted driving system turned on, including 49.54 million km of NOA mileage.
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Deepal has lowered the starting price of the SL03 BEV by RMB 7,000 and is offering customers an additional RMB 10,000 cash discount.
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Gotion plans to set up the institute with Hong Kong-listed Envision to conduct research on battery energy storage system technologies and business models.
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Li Auto will launch its first BEV model, the Li Mega, as well as the 2024 L-series EREVs at the event.
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To date, BYD has more than 90,000 R&D engineers and has filed more than 48,000 patents worldwide, according to an announcement.
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China's NEV penetration at retail was 32.8 percent in January, down 7.5 percentage points from 40.3 percent in December.
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As a comparison, CATL and BYD's shares in 2022 were 36.2 percent and 13.9 percent, respectively.
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CATL's share of China's EV battery market increased by 4.93 percentage points in January from December, while BYD's share decreased by 4.37 percentage points.
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