Nio's mass-market-oriented brand, codenamed Alps, will debut in the second quarter. The first model will be launched in the third quarter and mass delivery will begin in the fourth quarter.
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Nio reported a net loss of RMB 5.37 billion in the fourth quarter, down 7.2 percent from the fourth quarter of 2022 and up 17.8 percent from the third quarter of 2023.
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BYD was at 38,500 units last week, up 21.84 percent from the previous week's 31,600.
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China will tweak its policy to give the three centrally-administered automakers a separate assessment of their NEV businesses, a senior official said.
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The camouflage-wrapped car has a few words on its rear window that mean it's better than Tesla's Model Y.
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Faraday Future seeks monetary damages and demands that HiPhi's parent company, Human Horizons, immediately stop infringing on its trade secrets related to the FF 91.
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Seagull is the latest in the Ocean range offered by BYD in Brazil and Mexico, following the Seal and Dolphin.
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The Li Mega has received a lot of attention and popularity since its launch, Li Auto said, without disclosing the number of orders.
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Tesla saw a further decline in China-made vehicles sold last month, likely due to the impact of the Chinese New Year holiday on production at its Shanghai plant.
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The updated Yuan Plus has a starting price of RMB 119,800, or about $16,650. The model is available in several overseas markets under the Atto 3 name.
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