Six companies, including CATL, BYD, FAW, SAIC, WeLion and Geely, may receive basic government R&D support, according to China Daily.
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The Seal 06 DM-i and Qin L DM-i are the first two models to feature BYD's fifth-generation DM technology, both available in five variants and with a price range of RMB 99,800 ($13,770) to RMB 139,800.
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BYD's fifth-generation DM technology allows the vehicle to consume as low as 2.9 liters of fuel per 100 kilometers at low charge, with a combined range of up to 2,100 kilometers.
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In the May 1-26 period, insurance registrations for Nio vehicles were 15,400, Tesla 43,900, BYD 209,900, and Xiaomi 6,700 units.
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Deliveries of the Neta L have been delayed as 95 percent of customers opted for the highest priced variant.
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Xpeng management said earlier this month that Mona's first model will be unveiled in June and will go on sale and begin deliveries in the third quarter.
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Xiaomi has added CATL batteries to the standard variant of the SU7 instead of just BYD batteries as it did earlier to boost capacity.
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Chinese customers who complete their vehicle deliveries between May 25 and June 30 will have the chance to win a free tour of Tesla's Fremont factory in the US.
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The two companies have agreed to engage in a comprehensive strategic partnership from 2025-2034, with Neta making CATL its preferred partner for vehicle power batteries.
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The production cut is aimed at addressing weakening demand for Tesla's aged model in China, Reuters said.
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