The concept pioneered by Tesla has been taken to the next level by Chinese automakers.

Cognition-driven systems can enable more humanlike decision-making on the road, executives said.

The luxury NEV maker has now been profitable for two consecutive years, signaling more stable footing in a competitive market.

Huge investments have helped the two carmakers grab market share in the stronghold of Japanese rivals.

The lack of an ecosystem is a hindrance, but BYD, Sany, and others are expanding capacity.

Low EV profits obscure a broader push to expand globally, adapt to local demand, and build long-term positions abroad.

The latest EV is drawing fewer visitors and preorders than its predecessor, as expected in a more mature market.

Many domestic makers are receiving greater support following the changes, widening the disparity.

Higher-margin services adjacent to its car business boosted overall results.

NEV growth and an improved product mix supported the carmaker’s earnings, but profit expansion remained uneven.