IM Motors claims its extended-range system achieves three times the range of the Model Y using a similar battery capacity.

BYD sold 344,296 NEVs in July, roughly on par with the same period last year, as PHEV sales declined sequentially for the fourth consecutive month.

Nio will hold a product and technology event for the third-generation ES8 in late August, with display vehicles available at stores at that time.

Leapmotor delivered 50,129 vehicles in July, marking the first time monthly deliveries exceeded the 50,000 unit mark and setting a new record high for the third consecutive month.

The new Yuan Up variant starts at RMB 74,800 ($10,400) and does not feature a smart driving system, hinting at a shift in BYD's strategy.

From July 1 to 27, China's total passenger vehicle retail sales were 1.445 million units, up 9 percent year-on-year, but down 19 percent month-on-month.

The Onvo L90 launch event will begin at 7:30 pm Beijing time on July 31, with locked-in orders opening immediately following the event.

Li i8 faces many strong competitors in the BEV market, especially Onvo L90 and Tesla's six-seat Model Y L, which is set to be launched this fall.