AUTOMOTIVE NEWS CHINA

The state-owned Chinese automaker, moving to stem losses, plans to sell its 25 percent interest in the unprofitable partnership with the Korean automaker via the Shanghai United Asset and Equity Exchange. 

Beginning Nov. 17, customers can initially place orders for the rear-wheel drive, long-range version of the electric crossover at a price of 439,700 yuan ($68,811), GM China said. 

Xpeng introduced its fourth model, a large crossover, at the Guangzhou auto show last week, and the Chinese electric-vehicle startup expects to sell it globally as well as domestically.

Lincoln has started preselling the locally produced Zephyr in China with a starting price of 255,000 yuan ($39,906).