Firm orders for the Xiaomi SU7 include refundable orders within 7 days as well as non-refundable orders with locked-in configurations, unlike what other EV makers are doing.
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BYD announced the plan at the ongoing Bangkok auto show, where its full range of brands including BYD, Yangwang, Fang Cheng Bao and Denza are participating.
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CATL is in talks with General Motors on a License Royalty Service model partnership, with plans to jointly build an LFP battery plant in North America, according to a local media report.
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For an EV maker, pure electric sedans usually struggle to get high sales, with SUVs being the main support for sales and profits, an industry watcher said.
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Xiaomi said the SU7 secured more than 50,000 firm orders within the first 27 minutes after it started accepting orders.
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Xiaomi is holding a launch event for its first EV model, the SU7, in Beijing, and CnEVPost is sharing key highlights of the event in real time.
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The Xiaomi SU7 will come in four variants, with the top-trim version capable of sprinting from 0 to 100 kilometers per hour in 1.98 seconds, a local media report said, citing leaked specifications.
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China aims to fully integrate general aviation equipment into all areas of production and life by 2030, creating a market in the scale of RMB trillions.
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In 2024, BYD's full-year sales are expected to grow more than 20 percent from 2023, with overseas sales targeted at 500,000 units, Wang Chuanfu said.
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Li Auto lowered its guidance for first-quarter deliveries last week, and Tesla has reportedly reduced EV production at its China factory.
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