Tesla plans to launch a seven-seat version of the Model Y in China and Europe in October, with production of the model already underway at Giga Shanghai, according to local media.
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Author: Phate Zhang
Tesla had approached Ottawa to lower tariffs on its vehicles ahead of Canada's announcement this week of a 100 percent tariff on China-made EVs, according to Reuters.
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BYD's net income in the second quarter was up 98.36 percent from the first quarter, while gross margin was 18.69 percent, down 3.19 percentage points from the first quarter.
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Nio's retail sales in August are estimated at around 20,000 units, flat year-on-year and flat sequentially, Deutsche Bank said.
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Li Auto's net income rose 86.24 percent in the second quarter from the first quarter, while gross margins slipped to 19.5 percent.
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Xpeng's Turing chip saw a successful tape-out, with one chip having three times the computing power of the autonomous driving chip it currently uses.
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Xpeng announced shortly after the launch event that the Mona M03 saw firm orders exceed 10,000 units in 52 minutes.
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Onvo will see its first batch of over 100 stores open on September 1, covering 55 cities, as the official launch of its first model, the L60, nears.
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Li Auto had 11,600 insurance registrations last week, Xpeng 2,800, Zeekr 3,000, Leapmotor 6,200 and Aito 9,000.
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Leapmotor executives, including the CEO, plan to increase their holdings of the company's Hong Kong-traded shares by up to RMB 300 million ($42 million) over a six-month period.
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