Nio has repositioned the ET5 Touring to expand the model's user base by targeting the larger family market rather than the touring segment.
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Earlier today, a rumor that Xpeng would acquire Maserati spread widely on Chinese social media.
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Nio's vehicle deliveries in August and September are expected to be 20,000-21,000 units per month due to auto parts constraints, but parts supply will improve in the fourth quarter, BofA said.
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Fang Cheng Bao's first model, the Bao 5, will make its real-life debut on August 25 at the Chengdu auto show. In addition to the Bao 5, BYD today unveiled the Bao 3, and the Super 8, a concept for the Bao 8.
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The Shenxing Battery will be mass-produced by the end of 2023 and available in the first quarter of 2024, allowing vehicles to get up to 700 kilometers of range.
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Tesla's revamped Model 3 is expected to go on sale in China within half a month, with some stores already accepting reservations from consumers for the new model, according to local media.
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Tesla has nearly doubled the discounts for the Model S and Model X in China from what it was previously offering, after it began a promotion for both models on July 1.
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Li Auto's factory in Changzhou will be upgraded and revamped during the Chinese National Day holiday to support production expansion.
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Between August 1 and August 13, Tesla vehicles had 25,400 insurance registrations in China, Nio 7,000, Li Auto 13,500, and Xpeng 5,200.
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Tesla plans to form a local operations team of around 20 people initially to bring FSD to the Chinese market, according to local media.
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