The BMW i3 ranked 14th among the best-selling new energy sedans in China in January with 3,624 units sold, according to a list by the CPCA.
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Newrizon was founded in September 2020 by former NIO senior vice president Huang Chendong.
The Nissan Ariva was officially launched in China on September 27, 2022, and Nissan said at the time that it was the first global model under its Nissan Next strategy.
BEVs contributed 86.47 percent of the 17.1 billion kilometers driven by NEVs in China in January, and PHEVs contributed 13.48 percent.
Chinese Academy of Sciences academician Ouyang Minggao said he expects the price of lithium carbonate in China to drop to between RMB 350,000 yuan ($50,890) and 400,000 yuan per ton in the second half of this year.
Much of this is likely due to a low base caused by last year's Chinese New Year holiday.
The upcoming Auto Shanghai 2023 will be the first major auto show in China after the lifting of Covid controls.
The HiPhi Y will be priced in the RMB 400,000-500,000 range and will be the least expensive of Human Horizons' models, previous reports have implied.
Fitch expects sales of passenger NEVs in China to grow by more than 30 percent in 2023, while ICE vehicles will decline by the low teens.
China's auto industry is facing big challenges in the first quarter and still needs policy support, the CAAM said.