Phate Zhang

Zeekr saw an 8.4 percent decline in revenue and a 37.0 percent decrease in net loss in the third quarter compared to the second quarter.

Zeekr expects to use its own cash reserves and external financing to fund the acquisition.

A battery swap station can break even if it serves 60 to 70 times a day, Nio's CFO said.

Orders for the Onvo L60 far outperformed those for other models launched at the same time, with production orders already lined up for the first quarter of next year, Onvo president said.

Yangwang has begun pre-sales of the U7 without releasing pricing information. The BYD sub-brand previously said the U7 would be priced in the 1-million-yuan level.

Jiyue said the Robo X comes with a high-performance drive system and can sprint from 0 to 100 km/h in less than 1.9 seconds.

Avatr, previously known as Changan Nio, plugged into Nio's charging network, becoming the 14th brand to do so.

Xiaomi's second EV model is scheduled to hit the market in February or March next year, internally codenamed MX11, and will compete directly with the Tesla Model Y, according to local media.

The Maextro S800 is expected to target the luxury executive sedan market, with potential rivals set to include the Mercedes-Benz S-Class, BMW 7 Series, Audi A8, and Nio ET9.

A Nio executive has denied a rumor that the company will be acquired by BYD, after the fake information circulated widely on social media.