Aito marked down the price of the M7 sport-utility vehicle's basic edition ... the world's largest EV market where six out of every 10 new electric cars worldwide are sold, only a few players ...

All-electric car registrations decreased 20% year-over-year ... Just off the podium was the Aito M7 (from the Huawei and Seres' joint venture), an EREV SUV, with over 21,000 units sold.