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CnEVPost Newsletter: China EV insurance registrations
Between October 1 and October 29, insurance registrations were 14,100 for Nio, 15,200 for Xpeng, 36,800 for Li Auto and 27,300 for Tesla in China.
The Song L is the second shooting brake-style SUV under the BYD umbrella, with the NEV maker's premium Denza brand's Denza N7 being the group's first such model.
BYD had a record gross margin of 25.7 percent for its auto business in the third quarter, a 4-percentage point improvement from the second quarter.
By the end of the year, Yangwang aims to open more than 90 directly-managed stores in more than 40 cities in China.
Tesla's entry-level Model 3 now has a wait time of 2-6 weeks in China, down from 6-9 weeks previously.
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