This means that the Xiaomi SU7 Ultra has seen a net increase of around 13,000 units in locked-in orders over the past roughly three months.
The SU7 Ultra starts at RMB 529,900 ($73,650), which is 2.5 times the price of the regular SU7.
Author: cnevpost
Huawei-Chery joint brand Luxeed reaches 100,000th delivery milestone
This comes 18 months after the launch of Luxeed’s first model, the Luxeed S7 sedan.
Luxeed currently has two models on sale, the other being the Luxeed R7 coupe SUV.
Xiaomi’s EV business brings in $2.5 billion in revenue in Q1, up 11% from Q4
Xiaomi’s innovative businesses, which include EV and AI, posted a gross margin of 23.2 percent in the first quarter, up from 20.4 percent in the fourth quarter last year.
In the first quarter, Xiaomi delivered 75,869 SU7 series vehicles, up 8.86 percent from 69,697 in the fourth quarter.
Chinese autonomous driving tech firm WeRide expands into Saudi market
WeRide will begin robotaxi pilot operations on the Uber platform in the coming months and plans to launch commercial robotaxi operations in Saudi Arabia within 2025.
WeRide has tested and deployed autonomous driving products including Robotaxi, Robobus, and Robosweeper in several Saudi cities.
China’s 1st large-scale lithium-sodium hybrid energy storage station goes into operation
The energy storage station uses the latest high-capacity sodium-ion batteries with a top response speed six times faster than other existing sodium-ion batteries.
It can store 800,000 kWh of electricity per day, which can be used by 270,000 households.
Li Auto’s updated Li L6 exceeds 10,000 deliveries
The Li L6 is Li Auto’s main-selling model, contributing 48.19 percent of the company’s deliveries in the January-April period.
Li Auto launched the updated L-series EREVs on May 8 and began their deliveries on May 9.
China EV insurance registrations for week ending May 25: Nio 3,840, Tesla 11,000, Xiaomi 6,800
Nio Inc, which includes the Nio, Onvo and Firefly brands, had 6,530 insurance registrations in China last week, down 1.80 percent from the previous week.
Tesla’s insurance registrations in China last week were down 1.17 percent from 11,130 units in the previous week.
Chinese regulator gathers automakers to discuss zero-mileage used car sales, report says
China’s commerce ministry will meet with industry bodies and automakers to discuss the sales of used cars that have never been driven, Reuters reported.
As a result of years of price wars in the auto industry, a phenomenon known as “zero-mileage used cars” has emerged in the Chinese market.
Pony AI reaches deal to deploy robotaxi fleet in Dubai
Initial supervised trial runs are set to launch in 2025, followed by fully driverless operations in 2026.
Long-term plans include integrating the robotaxi service with Dubai’s transportation network.
Geely Galaxy rolls out price discounts as China EV price war heats up
Geely Galaxy has begun offering limited-time discounts ranging from 8 percent to 18 percent on seven models.
After BYD announced price discounts on several models on Friday, several EV makers followed suit.
Geely Galaxy rolls out price discounts as China EV price war heats up
Geely Galaxy has begun offering limited-time discounts ranging from 8 percent to 18 percent on seven models.
After BYD announced price discounts on several models on Friday, several EV makers followed suit.
Changan starts deliveries of electric sedan built on CATL’s battery swap tech
Changan delivered the first 1,000 Oshan 520 sedans built on CATL’s battery swap standard for use as cabs.
This marks the scale adoption of CATL Choco-SEB’s standardized battery swap models in the mobility market.
Changan starts deliveries of electric sedan built on CATL’s battery swap tech
Changan delivered the first 1,000 Oshan 520 sedans built on CATL’s battery swap standard for use as cabs.
This marks the scale adoption of CATL Choco-SEB’s standardized battery swap models in the mobility market.
Geely’s 1st self-operated car carrier goes into service
Geely has begun operating its own car carrier fleet, with the commissioning of its first self- operated vessel.
Jisu Fortune will carry more than 5,000 vehicles on its maiden voyage to Europe.
Xiaomi to showcase YU7 SUV at Shenzhen auto show starting May 31
Xiaomi will showcase the YU7 at the Shenzhen auto show starting this weekend, which will mark the debut of its first SUV model at an auto show.
The 2025 Shenzhen auto show will take place between May 31 and June 8.
Xiaomi to showcase YU7 SUV at Shenzhen auto show starting May 31
Xiaomi will showcase the YU7 at the Shenzhen auto show starting this weekend, which will mark the debut of its first SUV model at an auto show.
The 2025 Shenzhen auto show will take place between May 31 and June 8.
IM Motors, Leapmotor follow BYD in offering fresh discounts
IM Motors and Leapmotor have started to offer new discounts on some of their models.
On Friday, BYD began offering wide-ranging discounts on affordable models.
BYD shares fall after wide-ranging price discounts
BYD stock was down 6.53 percent in Hong Kong and 3.89 percent in Shenzhen at press time.
BYD has started offering wide-ranging discounts, raising concerns about stiffer competition.
Nio launches updated ET5, ET5T with unchanged pricing
The updated ET5 and ET5T both start at RMB 298,000 ($41,500) including the battery pack.
The ET5 contributed 11.94 percent of Nio Inc’s full-year deliveries in 2024, and the ET5T contributed 22.92 percent.
BYD offers wide-ranging price discounts, raising price war risk in China
BYD has made wide-ranging price cuts to its Dynasty and Ocean series models, offering discounts of 10 percent to 30 percent.
Analysts believe this could lead to further price competition in China and spark more rivals to follow suit.
