CnEVPost Newsletter: Analyst views on NIO earnings; Spy shots of BYD F-brand's 1st model
"Even if we exclude these one-time headwinds, vehicle of margin of 13.5% would have been a miss and lowest since 2Q20," Deutsche Bank said.
If EVs can be sold to consumers without batteries, the cost can be lower than fuel cars, said Li Xiang.
The model will be equipped with BYD's new powertrain and will outperform the Mercedes-Benz G-Class, according to local media.
Song family models priced around RMB 150,000 contributed 27 percent of BYD's total passenger car sales in February.
Neta's flagship sedan, the Neta S, saw 2,048 deliveries in February, up 35 percent from 1,517 units in January.
Leapmotor officially launched the C11 EREV and facelifts for its BEVs, allowing for significantly lower starting prices.
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