Huawei’s rotating chairman said the company is now seeking support and understanding as it “is susceptible to making mistakes” as a newcomer.
Nio on Saturday revealed its second fully electric premium sedan model ET5 to reach a larger customer base.
The companies expect the new models to take a significant share in the Chinese premium EV segment and fulfill their ambitions to establish a “world-class high-end” Chinese car brand.
Geely unveiled a model electric semi-truck that will have highly autonomous driving functions in 2024, posing a threat to Tesla.
There might be greater supply than demand in the Chinese EV market this year, UBS analyst Paul Gong said.