Smart and Sustainable Electric Mobility
With the price range overlapping significantly with BYD's flagship SUV Tang in the Dynasty series, the Frigate 07 is expected to appeal to a younger demographic with a sleeker design.
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The Model Y sold 52,424 retail units in China in November, more than four times as many as the second-place BMW X3.
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The NIO ET5 was the ninth best-selling premium sedan in China in November, with the ET7 at No. 8.
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Tesla is aiming to produce slightly more than 20,000 Model Ys in the last three weeks of December, including the week when output is suspended, according to Reuters.
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Shen has served as president of Li Auto since November 2015. His last day with the company is expected to be around the end of June 2023.
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Li Auto's fourth-quarter delivery guidance of 45,000 to 48,000 vehicles means it expects to deliver 19,914 to 22,914 vehicles in December.
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BYD's power battery installation volume in November was 8.94 GWh, ranking second with a 26.09 percent share.
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China's NEV penetration rate was 33.8 percent in November, a new all-time record, the CAAM data show.
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EnBW, Germany's largest fast-charging network operator, has entered into a partnership with NIO, which will build up to 20 battery swap stations at its charging parks.
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BYD is offering the standard range and long-range versions of the Atto 3 in Malaysia at a starting price of Malaysia Ringgit 149,800 ($34,050) and 167,800 respectively.
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