Visitors check at an MG car during the opening of China Auto Show in Beijing, China, Thursday, April 25, 2024. (AP Photo/Tatan Syuflana)
The BYD Han EV car sedan is shown during Auto China 2024 held in Beijing, Thursday, April 25, 2024. (AP Photo/Ng Han Guan)
Visitors take photos of a Zeekr car during the opening of China Auto Show in Beijing, China, Thursday, April 25, 2024. (AP Photo/Tatan Syuflana)
Visitors look at a Great Wall's Haval car during the opening of China Auto Show in Beijing, China, Thursday, April 25, 2024. (AP Photo/Tatan Syuflana)
Visitors look at an MG car during the opening of China Auto Show in Beijing, China, Thursday, April 25, 2024. (AP Photo/Tatan Syuflana)
Visitors take photos of a Zeekr car during the opening of China Auto Show in Beijing, China, Thursday, April 25, 2024. (AP Photo/Tatan Syuflana)
Founder and CEO of the electric car manufacturer Nio, William Li, waves to the media during a press conference at the opening of the China Auto Show in Beijing, China, Thursday, April 25, 2024. (AP Photo/Tatan Syuflana)
Visitors take photos of a MG concept car during an opening of China Auto Show in Beijing, China, Thursday, April 25, 2024. (AP Photo/Tatan Syuflana)
Visitors look at Toyota cars during the opening of China Auto Show in Beijing, China, Thursday, April 25, 2024. (AP Photo/Tatan Syuflana)
Visitors photograph a Lamborghini car during the opening of China Auto Show in Beijing, China, Thursday, April 25, 2024. (AP Photo/Tatan Syuflana)
Attendees take photos of the BYD Qin L Dmi unveiled during Auto China 2024 held in Beijing, Thursday, April 25, 2024. (AP Photo/Ng Han Guan)
Models pose near the BYD Qin L Dmi unveiled during Auto China 2024 held in Beijing, Thursday, April 25, 2024. China's largest EV maker, BYD has been expanding rapidly into overseas markets, launching its low-priced Dolphin Mini, sold as the Seagull in China, in Latin American markets this year. (AP Photo/Ng Han Guan)
A woman reacts near the 01 from Jiyue-auto during Auto China 2024 in Beijing, Thursday, April 25, 2024. Global automakers and EV startups unveiled new models and concept cars at China's largest auto show on Thursday, with a focus on the nation's transformation into a major market and production base for digitally connected, new-energy vehicles. (AP Photo/Ng Han Guan)
A live streamer poses near a concept car from Nissan during Auto China 2024 held in Beijing, Thursday, April 25, 2024. Global automakers and EV startups unveiled new models and concept cars at China's largest auto show on Thursday, with a focus on the nation's transformation into a major market and production base for digitally connected, new-energy vehicles. (AP Photo/Ng Han Guan)
Workers take a break during Auto China 2024 in Beijing, Thursday, April 25, 2024. Global automakers and EV startups unveiled new models and concept cars at China's largest auto show on Thursday, with a focus on the nation's transformation into a major market and production base for digitally connected, new-energy vehicles. (AP Photo/Ng Han Guan)
Visitors stand near a concept car from Nissan during Auto China 2024 held in Beijing, Thursday, April 25, 2024. Global automakers and EV startups unveiled new models and concept cars at China's largest auto show on Thursday, with a focus on the nation's transformation into a major market and production base for digitally connected, new-energy vehicles. (AP Photo/Ng Han Guan)
Models put on make up while others take a lunch break during Auto China 2024 in Beijing, Thursday, April 25, 2024. Global automakers and EV startups unveiled new models and concept cars at China's largest auto show on Thursday, with a focus on the nation's transformation into a major market and production base for digitally connected, new-energy vehicles. (AP Photo/Ng Han Guan)
Founder and CEO of the electric car manufacturer Nio, William Li speaks during a press conference at the opening China Auto Show in Beijing, China, Thursday, April 25, 2024. (AP Photo/Tatan Syuflana)
Attendees look at Honda GT during Auto China 2024 in Beijing, Thursday, April 25, 2024. Global automakers and EV startups unveiled new models and concept cars at China's largest auto show on Thursday, with a focus on the nation's transformation into a major market and production base for digitally connected, new-energy vehicles. (AP Photo/Ng Han Guan)
The BYD Qin L Dmi is unveiled during Auto China 2024 held in Beijing, Thursday, April 25, 2024. Global automakers and EV startups unveiled new models and concept cars at China's largest auto show on Thursday, with a focus on the nation's transformation into a major market and production base for digitally connected, new-energy vehicles. (AP Photo/Ng Han Guan)
Models put on make up while others take a lunch break during Auto China 2024 in Beijing, Thursday, April 25, 2024. Global automakers and EV startups unveiled new models and concept cars at China's largest auto show on Thursday, with a focus on the nation's transformation into a major market and production base for digitally connected, new-energy vehicles. (AP Photo/Ng Han Guan)
The all electric Mini Aceman is unveiled at the BMW booth during Auto China 2024 held in Beijing, Thursday, April 25, 2024. (AP Photo/Ng Han Guan)
Workers take a lunch break during Auto China 2024 in Beijing, Thursday, April 25, 2024. Global automakers and EV startups unveiled new models and concept cars at China's largest auto show on Thursday, with a focus on the nation's transformation into a major market and production base for digitally connected, new-energy vehicles. (AP Photo/Ng Han Guan)
A live streamer works near the Volvo EX30 fully electric small SUV unveiled during Auto China 2024 in Beijing, Thursday, April 25, 2024. Global automakers and EV startups unveiled new models and concept cars at China's largest auto show on Thursday, with a focus on the nation's transformation into a major market and production base for digitally connected, new-energy vehicles. (AP Photo/Ng Han Guan)
A woman chats on her phone near the Lincoln Navigator SUV during Auto China 2024 held in Beijing, Thursday, April 25, 2024. Global automakers and EV startups unveiled new models and concept cars at China's largest auto show on Thursday, with a focus on the nation's transformation into a major market and production base for digitally connected, new-energy vehicles. (AP Photo/Ng Han Guan)