Shares in Chinese automakers such as BYD (002594.SZ), , Nio (9866.HK) and XPeng (9868.HK) tumbled this week after the chairman of Great Wall Motor, Wei Jianjun, worried openly about China's ...

The Chinese EV maker announced on May 7 that it would launch Onvo, the company’s lower-priced brand, on May 15. Two sub-brands have been in the works since 2022.