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).
Category: CnEVPost
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.
Toyota launches bZ5 coupe SUV equipped with BYD batteries in China, starting at $18,070
The Toyota bZ5 is the latest comeback by a joint venture automaker in China after the Nissan N7.
The Toyota bZ5 is available in four variants in China, with starting prices of RMB 129,800 ($18,070).
Nio Firefly kicks off 15-day European road test to prepare for market entry
Two Firefly product managers have set off from Berlin, Germany, and will travel through seven countries: Germany, Denmark, the Netherlands, France, Spain, Italy, and Austria.
Firefly is accelerating its global expansion and plans to enter the European market this year.
Automakers’ share of China NEV market in May: BYD No. 1 with 28.5%, Tesla No. 8 with 3.8%
Tesla’s market share in China’s NEV market in May was higher than its 3.2 percent share in April but lower than the 6.9 percent share in the same period last year.
In the first five months of the year, BYD’s market share in China’s NEV market was 28.9 percent, while Tesla’s was 4.6 percent.
Shanghai NEV ownership exceeds 1.5 million, 71% purely electric
Shanghai’s NEV ownership reached 1.51 million vehicles by the end of 2024, with pure electric vehicles accounting for 71 percent.
Shanghai is home to Tesla’s China factory and the global headquarters of Nio.
Shanghai NEV ownership exceeds 1.5 million, 71% purely electric
Shanghai’s NEV ownership reached 1.51 million vehicles by the end of 2024, with pure electric vehicles accounting for 71 percent.
Shanghai is home to Tesla’s China factory and the global headquarters of Nio.
Li Auto establishes robotics units to ramp up AI bet, report says
Li Auto announced in an internal memo that it has decided to add space robotics and wearable robotics departments, according to a local media report.
The move may be related to Li Auto’s AI strategy.
Li Auto May deliveries breakdown: Li L6 18,781, Li L7 10,016
The Li L6 — Li Auto’s lowest-priced model — accounted for 45.97 percent of May deliveries.
The Li L7 contributed 24.52 percent of Li Auto’s May deliveries.
China EV insurance registrations for week ending Jun 8: Nio 2,630, Tesla 8,640, Xiaomi 4,370
Nio Inc, which includes the Nio, Onvo, and Firefly brands, saw 4,340 insurance registrations last week, a decrease of 19.63 percent from the previous week.
Tesla’s insurance registrations in China last week decreased by 33.54 percent from the previous week’s 13,000 units.
