BAIC Motor Corp. and Changan Auto Co. rose Tuesday after the two state-controlled automakers received China’s first permits for Level 3 advanced driver assistance, allowing conditional driverless operations in designated areas.

Car sales in China fell for a second month — a rare decline in what’s usually the busiest time of the year — as automakers’ discounts failed to make up for the end of a trade-in subsidy that had underpinned the market.

Pony AI Inc. shares rose for a third day in Hong Kong trading, arresting a steep decline since listing three weeks ago, after the robotaxi firm said its Guangzhou operations had broken even on a per-car basis in an early indication its business model is sustainable.

Pony AI Inc. shares rose for a third day in Hong Kong trading, arresting a steep decline since listing three weeks ago, after the robotaxi firm said its Guangzhou operations had broken even on a per-car basis in an early indication its business model is sustainable.

Xiaomi Corp. now expects to deliver more than 400,000 cars this year, showing accelerating momentum from an electric vehicle business that’s become profitable much faster than its peers.