Policy

Nio's four main models, the Onvo L60, and Tesla's Model 3 and Model Y are included in the list for the first time.

The disorderly price war has intensified vicious competition and will further squeeze corporate profit margins, CAAM warned.

China's commerce ministry will meet with industry bodies and automakers to discuss the sales of used cars that have never been driven, Reuters reported.

BEVs contributed 27.61 percent of China's passenger car retail sales in 2024.

Chinese regulators are beginning to regulate car companies' marketing of driver assistance features and the implementation of OTA updates.

Shanghai now allows non-locally registered vehicles to be used to apply for trade-in subsidies of up to RMB 15,000.

As of press time, BYD was down 11.15 percent, Nio 11.30 percent, Xpeng 11.40 percent and Li Auto 10.82 percent.

Li Auto's weekly sales leaderboard, which it shares every Tuesday, may not continue to be published.

Starting April 1, Shanghai will subsidize 40 percent of equipment investments in battery swap stations open to other brands for a period of five years.

Those who buy Nio models on or before March 31 can take advantage of these subsidies.