Chery is set to reach a cumulative total of 5 million car exports later this month, becoming the first Chinese automaker to achieve this milestone.
From January to May, Chery exported 443,940 vehicles, up 1.99 percent year-on-year.
Author: cnevpost
Xpeng working to integrate its Turing smart driving chip into some VW models in China, report says
Xpeng is working to integrate its Turing chip into some of Volkswagen’s models planned for launch in China next year, according to the Financial Times.
The company is also in discussions to supply chips to other automakers.
Nio signs new distributor deal to enter 3 more European markets
Nio has signed a distributor deal with Greek company Motodynamics to sell Nio and Firefly brand vehicles in Greece, Cyprus, and Bulgaria.
Last week, Nio announced it had reached distributor partnership agreements to enter seven new European markets.
Leapmotor begins pre-sales of 2 models in Hong Kong
Leapmotor has launched pre-sales of its T03 compact EV and C10 SUV in Hong Kong.
Leapmotor hinted that it will introduce an electric MPV product in its D-series lineup, which will be available in Hong Kong.
GAC’s eVTOL unit Govy unveils AirCab flying car, pre-sales begin
The official guide price for the Govy AirCab is no more than RMB 1.68 million ($233,900), with deliveries set to begin by the end of 2026.
The Govy AirCab features two seats and will be used for low-altitude tourism.
Leapmotor to launch updated C16 SUV on Jun 18
Leapmotor began pre-sales of the updated C16 earlier this month, with a starting price of RMB 169,800 ($23,640).
The updated C16 continues to offer EREV and BEV options but adds five-seat options in addition to the six-seat versions.
BYD Yangwang begins deliveries of U7 luxury sedan
Yangwang launched U7 on March 27, with a starting price of RMB 628,000 ($87,370).
Yangwang sold 139 vehicles in May, a year-on-year decrease of 77.14 percent, but a month-on-month increase of 2.96 percent.
Xpeng G7 secures over 10,000 pre-orders in 46 minutes
G7 is the first model to feature Xpeng’s Turing AI chip, with a pre-sales price of RMB 235,800 ($32,810).
G7 showroom vehicles are now available at Xpeng’s 530 stores across 214 cities in China.
Xpeng debuts G7 SUV and begins its pre-sales, featuring up to 3 in-house self-driving chips
The G7 is equipped with up to three Turing AI chips developed in-house by Xpeng, with computing power exceeding 2,200 TOPS.
The G7 has a CLTC range of 702 kilometers, with a pre-sales price of RMB 235,800 ($32,780).
Nio welcomes new exec who could help improve its financial situation, report says
Bagrin Angelov, who served as head of cross-border M&A at CICC for the past 10 years, has joined Nio as vice president of capital markets.
Angelov’s appointment is expected to open up new financing channels for Nio.
BYD Fang Cheng Bao’s new SUV officially named Tai 7
Fang Cheng Bao revealed the name of Tai 7 and shared an image of the model wrapped in camouflage.
Tai 7 is expected to target a broader family user base with a larger size than Tai 3.
China NEV retail at 202,000 in Jun 1-8, up 40% year-on-year
The penetration rate of NEVs in retail sales was 58.8 percent during the June 1-8 period, and 49.78 percent year-to-date.
Year-to-date, China’s passenger NEV cumulative retail sales totaled 4.559 million units, up 34 percent year-on-year.
China EV battery installations in May: CATL share at 42.87%, BYD 22.49%
CATL’s market share in May increased by 3.44 percentage points compared to April, while BYD’s share decreased by 3.86 percentage points.
In May, China’s power battery installation volume totaled 57.1 GWh, up 43.1 percent year-on-year and up 5.5 percent sequentially.
China NEV sales hit year-to-date high in May, exports set new record
In May, China’s NEV sales reached 1,307,000 units, up 36.9 percent year-on-year, according to CAAM data.
NEV exports in May reached a record 212,000 units, up 120 percent year-on-year.
CATL’s 1 millionth battery pack for Li Auto rolls off line
As of the end of May, Li Auto’s cumulative vehicle deliveries reached 1,301,531 units.
Li Auto introduced Sunwoda and Svolt Energy as additional battery suppliers in February 2023.
Leapmotor expands into Hong Kong, opens first local store
Market development in Hong Kong and Macau will be handled by Leapmotor’s marketing team in the Chinese mainland.
Leapmotor views Hong Kong as a stage to showcase its products to global users and a window for global capital to understand the company.
Nio, Xpeng, Li Auto join major automakers in pledging to pay suppliers within 60 days
Nio said that it will continue to adhere to payment terms of 60 days or less, collaborating with partners to promote high-quality development of China’s automotive industry.
Xpeng and Li Auto also announced similar commitments following similar moves by several major automakers.
CATL launches next-gen battery cell for energy storage
The 587 Ah high-capacity cell achieves an energy density of 434 Wh/L, a 10 percent improvement over the previous generation.
CATL has deployed over 256 GWh of energy storage system capacity globally, serving more than 1,000 projects.
Xiaomi SU7 Ultra becomes fastest production car on Nürburgring
The SU7 Ultra achieved a lap time of 7:04.957 on the Nürburgring circuit in Germany, surpassing the previous record of 7:07.55 set by the Porsche Taycan Turbo GT in September 2023.
In October 2024, the SU7 Ultra prototype completed the Nürburgring circuit challenge with a lap time of 6:46.874.
Chinese automakers including BYD, Geely, Xpeng pledge to shorten payment cycles to suppliers
China’s major automakers and some new carmakers have pledged to shorten supplier payment terms amid concerns about supply chain security.
About 10 automakers, including BYD, Geely Auto, Chery, and Xpeng, have announced this commitment.
