The Bao 8 is the second model from Fang Cheng Bao and the first under the BYD umbrella to feature Huawei's driver assist system.
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Author: Phate Zhang
Chinese customers who currently buy the Onvo L60 are expected to get deliveries 10-14 weeks after locking in their orders, down from 12-16 weeks previously.
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In the January-October period, BYD was No. 1 in the NEV market with a 34.8 percent share, while Tesla was No. 3 with a 6.0 percent share.
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Leapmotor said it expects to exceed its full-year sales target of 250,000 units this year, with gross margin lifting further and net losses narrowing in the fourth quarter.
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Xpeng has learned from its previous experience and is hoping to capitalize on early orders for the P7+ with a more streamlined choice of variants and faster deliveries.
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A blogger posted thousands of pieces of content that insulted and defamed the Nio brand and its users over a period of more than a year.
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Tesla sold 40,485 vehicles in China in October, the lowest since April, as exports from its Shanghai factory rose 72.41 percent from September.
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Deutsche Bank said the Xpeng P7+ is competitively priced and is longer, taller and has a larger wheelbase compared to its class rivals.
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The P7+ received 31,528 firm orders three hours after launch, breaking records for all other models in Xpeng's history, the company said.
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