China's new energy passenger vehicle penetration at retail in February was 32.1 percent, up 6.4 percentage points from 25.7 percent in January.
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Overseas lithium prices are already at a 20 percent premium to Chinese prices, which is expected to provide support for lithium prices as the export window opens, analysts said.
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Toyota announced a direct price reduction of 2,800 USD, bringing the actual cost down from 24,400 USD to 28,800 USD.
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NIO vehicles registered 3,345 insurance units last week, down slightly from 3,357 the week before.
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The Toyota bZ3 is priced lower than the BYD Han EV in China, but higher than the BYD Destroyer 05.
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