Volkswagen's Jetta brand is in talks to partner with Leapmotor, with FAW-Volkswagen likely to buy out one of Leapmotor's platform technologies, according to local media.
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Great Wall is teaming up with Baidu to explore the use of Ernie's AI model technology in its production vehicles.
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A solid order backlog and improving production ramp bode well for Nio's ongoing operational recovery and rising sales, Morgan Stanley said.
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Following a price cut and a slew of new models, Nio's sales efficiency has improved materially and should maintain this level of demand for at least the rest of the third quarter, said Edison Yu's team.
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The Song family sold 51,258 units in July, overtaking the Qin family and regaining its position as the best-selling BYD model.
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On July 20, Neta launched a facelift of its flagship sedan, the Neta S, with a starting price reduced by RMB 30,000.
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BYD aims to sell at least 3 million vehicles this year and strives to reach 3.6 million, the company's chairman previously said.
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In the January-July period, Nio delivered 75,023 vehicles, a year-on-year increase of 23.23 percent.
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Strong sales of the G6 drove a surge in showroom visits, which in turn increased customer enthusiasm for other Xpeng models and the smart technologies they come with, the company said.
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In the January-July period, Li Auto delivered 173,251 vehicles, up 144.62 percent year-on-year.
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