Nio will begin deliveries of 2024 models in early March and start offering discounts on current models.
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The price war for power batteries is intensifying, with the world's two largest battery makers reportedly pushing battery costs down further.
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In the January 1-14 period, Nio was 4,700, Xpeng 2,800, Li Auto 11,000 and Tesla 10,600 units.
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The X9 is the highest-priced in Xpeng's product lineup and is seen as helping Xpeng improve gross margins.
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The joint venture will manufacture and sell products including battery modules and outdoor battery cabinets, as well as build energy storage system projects there.
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BYD Explorer No.1 will be open to partners while serving BYD in the future, the NEV maker said.
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The Yangwang U7 is powered by four motors, each with a peak power of 240 kW.
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The Li L6, which is smaller than the Li L7, will be powered by LFP batteries and will be Li Auto's first model to carry lower-cost batteries.
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Aito launched the new M7 on September 12. It previously said it had more than 120,000 firm orders for the M7 by the end of December.
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Zeekr extends price discounts introduced in August 2023 for the Zeekr 001 and offers new benefits including a RMB 10,000 final payment reduction.
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