Cars for personal use will be eligible for 0 percent down payment, while previously consumers were required to pay at least 20 percent of down payment for conventional cars and at least 15 percent for NEVs.
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Talent said its solid-state battery cell prototype has an energy density of 720 Wh/kg, which is twice the energy density of Nio supplier WeLion's semi-solid-state battery cell.
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The SU7 has gained more than 100,000 firm orders in just a few days of its launch, with the number of locked-in orders already exceeding 40,000, Xiaomi's founder said at a ceremony marking the model's first delivery.
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Denza launched the updated N7 on April 1 at a starting price 20.54 percent lower than its predecessor.
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In the first quarter, Tesla delivered 386,810 vehicles while BYD delivered 300,114 BEVs.
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For the week of March 25-31, China's NEV sales were 186,183, up 14 percent from the previous week, with a penetration rate of 43 percent.
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Tesla's China-made vehicle sales in March were essentially flat compared to the same month last year.
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Under the original plan, Xiaomi EV production will grow to 4,000 to 5,000 units by April, and thereafter stabilize at 6,000 units by the end of the year, according to local media.
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Nio's head of smart driving products and experiences says Onvo is set to will have surprises in smart driving.
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Xiaomi EV, which originally had an April production plan of around 5,000 units, is negotiating with suppliers to increase production capacity, according to local media.
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