Insurance registrations for Nio vehicles in China were 3,800 last week, and 6,000 between September 1 and September 10.
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Kaixin Auto has signed a non-binding letter of intent to acquire 100 percent of WM Motor from its shareholders by issuing a certain number of new shares.
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Yangwang began pre-sales of the U8 on the first day of the Shanghai auto show on April 18, with a pre-sale price of RMB 1.098 million.
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In the January-August period, BYD ranked first in China's NEV market with a 36.6 percent share, while Tesla came in second with 8.8 percent.
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Downsizing the number of directly operated stores is becoming a new industry trend, with both Xpeng and Zeekr increasing the proportion of dealer stores, according to local media.
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From January to August, China's NEV sales were 5.37 million units, up 39.51 percent year-on-year, accounting for 29.5 percent of all vehicle sales.
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Nio will hold an event to launch the new EC6 on September 15 starting at 8 pm. Customers can already pay RMB 5,000 to pre-order the model.
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The price of battery-grade lithium carbonate fell below RMB 200,000 per ton for the first time in four months, as industry players' expectations of supply-demand balance changes.
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The Seal is the sixth model BYD has launched in Brazil after the Tang EV, Han EV, Yuan Plus EV, Song Plus DM-i, and Dolphin EV.
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The Seal DM-i is another attractive option for the mainstream mid- to high-end plug-in hybrid market in China, with the official prices reduced by RMB 10,000 from pre-sale.
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