The Beijing-based carmaker has started taking orders for the six-seater SUV, which is priced from 359,800 yuan (US$50,730) to 399,800 yuan. The first batch of cars will be delivered in November.

Two stock debutants struggled in Hong Kong trading after an underwhelming response to their initial public offerings (IPOs) in a week when the local market slumped to the lowest level in 11 years.

SAIC Motor and Pony.ai will build cars equipped with Level 4 autonomous driving systems to promote Shanghai’s autonomous driving sector and relevant policies.

Commercial property owners in Shanghai find themselves beset by high vacancy rates and demands for rent reductions as China’s zero-Covid policies continue to suppress the retail and restaurant trades.

The exemption from a tax levied on electric vehicle purchases will be extended until 2024, Beijing announced, in an apparent effort to further bolster the use of battery-powered cars on mainland Chinese roads.

He Xiaopeng, founder of Chinese smart EV maker Xpeng, bought 2.2 million of the firm’s American depositary shares, as its new SUV launch boosts confidence in its future.

Chinese autonomous driving company Pony.ai is teaming up with Zhejiang Geely Holding Group, one of China’s largest privately-owned carmakers, to build a fleet of autonomous robotaxis.

The Jiangsu-based company said it would float 265.8 million shares at a price between HK$38 and HK$51 apiece, which would provide a boost for Hong Kong’s IPO market.

The G9 will have a driving range of 702 kilometres on a single charge and will be delivered to customers in October. It has been priced from 309,900 yuan (US$44,170) to 469,900 yuan.

The Chinese smart electric vehicle builder has launched an advanced driver assistance system similar to Tesla’s full self-driving software, allowing its cars to navigate their way automatically along city streets.

China’s top EV battery makers are losing market share to smaller rivals as competition intensifies in the fast-growing sector expected to double in size to six million units this year.

The expansion of its industrial estate in Shen-Shan Special Cooperation Zone will cost 20 billion yuan (US$2.9 billion) and aims to generate annual sales of 100 billion yuan when it becomes operational next summer.

CATL said earlier this month that it would start building a US$7.35 billion plant in the Hungarian city of Debrecen within this year.

China’s shipping industry has reported a 60 per cent drop in freight rates, as congestion linked to Covid-19 eases globally and the country’s foreign trade slows down.

If successful, the No. 3 battery maker in China could become the second-largest IPO in Hong Kong this year.

Tesla shifted into a higher gear in China in August, resuming full output at its Shanghai factory and delivering more cars to Chinese buyers than its three largest home-grown competitors combined.

Miao Wei urged domestic companies to step up and improve self-sufficiency in auto operating systems to avoid Huawei’s situation on access to leading smartphone chips.

Nio has six different models of EVs in production, and is designing cheaper compact EVs to compete with mass-market carmakers Volkswagen and Toyota Motor.

As house prices shoot up, the battered local economy should benefit as the city government fast-tracks approvals for home construction and rakes in higher proceeds from land auctions, say analysts.

Shanghai called off the Lujiazui Forum, the city’s most important financial conference, the day before it was scheduled to start after officials detected a new Covid-19 infection for the first time in a week.

Shanghai-based Juneyao Group, the parent company of Juneyao Airlines, plans to enter the increasingly crowded mainland China market for electric cars after it took control of Yudo Auto.

Xpeng and Li Auto reported fewer deliveries month on month in August, while Nio reported a 6 per cent increase in sales.

The Cabrio was unveiled at last year’s Shanghai Auto Show and is being viewed as a potential game changer in the world’s largest market for conventional and electric cars.

Established makers Nio, Xpeng, Li Auto, as well as emerging brands, see a key opportunity to build buzz for new models curtailed as they strive to compete with market leader Tesla.

BYD tripled its first-half profit despite a strained automotive supply chain when lockdowns in the car-making hubs of Shanghai and Changchun forced manufacturers to partially suspend production between March and May.

Shanghai officials are putting Covid-19 lockdown memories behind as they aim to achieve US$145.5 billion of industrial output in the bonded zone that connects Lingang with the Yangshan Deepwater Port.

Shanghai’s economic growth is likely to miss the 2022 target of 5.5 per cent, as the economy struggles amid a power shortage and intermittent anti-Covid policies to get back to normal.

The unprecedented heatwave in Shanghai has raised concerns about the possibility of an impending power crunch and disruption to construction work, hampering the city’s economic recovery from a two-month Covid-19 lockdown.

State Grid, the country’s largest electricity distributor, has since last Thursday reduced power supply at public facilities in Zhejiang, Hubei, Sichuan and Henan provinces and Chongqing municipality. It has also suspended operations at some charging facilities.

Guangzhou-based Chinese smart electric vehicle start-up XPeng on Tuesday reported a wider underlying net loss for the second quarter, and said it expected a slower pace of deliveries in the next three-month period.