The BYD Seagull, which is expected to be launched in the second quarter of 2023, will be the first model with sodium-ion batteries and is expected to be priced as low as about $8,484, according to local media.
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XPeng delivered better-than-expected third-quarter operating results, accompanied by a slightly better-than-feared outlook.
XPeng expects fourth-quarter deliveries of 20,000 to 20,100,000 units and expects fourth-quarter revenue of RMB 4.8 billion to RMB 5.1 billion.
CALB said that its products have adopted more advanced technologies and that its existing products will not be stopped for sale.
This is due to XPeng's recent organizational restructuring and personal matters, the company said in an announcement.
BMW dealers are offering up to RMB 105,000 in discounts for i3 buyers in China, possibly to clear inventory ahead of new models' launch, according to local media.
Lithium carbonate prices have stopped rising for the first time in nearly 18 weeks, with buyers in a growing wait-and-see mood and sellers starting to loosen their offers.
As of today, NIO's battery swap station network has completed its initial coverage of all districts in Shanghai.
Orders with deposits paid by 24:00 on December 31 will continue to receive the same purchase subsidies as in 2022, XPeng said.