This is the fifth consecutive month that the SU7 has seen monthly deliveries exceed 20,000, bringing cumulative deliveries to over 180,000 units.
Xiaomi will begin deliveries of the SU7 Ultra on March 2, and it has already garnered orders for more than 15,000 units.
Li Auto’s deliveries in February were up 29.69 percent year-on-year, but down 12.24 percent from January.
In January-February, Li Auto delivered 56,190 vehicles, up 9.29 percent year-on-year.
In January-February, Xpeng delivered 60,803 vehicles, up 375.21 percent from 12,795 in the same period last year.
Xpeng CEO said last month that the company was confident of seeing deliveries double in 2025 compared to last year.
Onvo launched higher-value 5-year 0-interest financing package, but removed BaaS benefit available in February, resulting in scaled-back overall benefits.
The 5-year 0 percent financing program is the same as Tesla’s approach.
Onvo will allow owners to upgrade their 60-kWh standard-range battery packs to 85-kWh long-range battery packs on a daily, monthly or annual basis starting March 1.
Upgrades cost RMB 45 ($6.18) per day, RMB 800 per month, or RMB 8,800 per year.
Li Auto’s goal is to have more than 15,000 superchargers by the time the Li i8 is launched.
More charging piles are in preparation for the launch of more BEVs after the Li Mega.
Xiaomi EV said it will ramp up production capacity to speed up deliveries of the SU7 Ultra.
On March 3, Xiaomi will give the SU7 Ultra its overseas debut at the MWC 2025 event in Spain.
Companies must not imply to consumers that driver assistance systems can be used as self-driving systems.
The systems are required to implement an exit strategy in the event of driver distraction.
The updated G6 is a model developed for the global markets and will be offered in left- and right-hand drive versions.
The new G6 will be officially launched in early March, when pricing will be announced.
Li Auto began offering final payment reductions and 3-year 0-interest financing on L-series models, allowing buyers to save up to RMB 38,000 ($5,210).
It will launch the smart driving edition of the L-series models in May, focusing on smart driving hardware upgrades.
Deutsche Bank expects the Nio main brand to deliver around 8,000 units in February, and the Onvo sub-brand around 5,000 units.
Tesla is at its lowest in almost 24 months as it clears out older Model Y inventory.
Li Auto will upgrade the smart driving chips in updated models, and start using the Nvidia Thor-U chip.
It will add LiDARs to less expensive variants, making the component standard all models.
In the first three quarters of 2024, Chery realized a net income of RMB 11.3 billion, up 58.5 percent year-on-year.
Chery sold 2.6 million vehicles in the year 2024, up 38 percent year-on-year.
The SU7 Ultra starts at RMB 529,900 ($72,930), which is 34.97 percent lower than Xiaomi’s previously marketed pre-sale price.
The first vehicle deliveries of the Xiaomi SU7 Ultra are expected to begin in March.
The Xiaomi SU7 Ultra starts at RMB 529,900 ($72,930), a reduction of RMB 285,000, or 34.97 percent, from the previous pre-sales price.
The Xiaomi SU7 Ultra secured over 6,900 orders within 10 minutes of opening for ordering.
By the end of 2024, the SU7 had accumulated more than 248,000 locked-in orders in just nine months since its launch.
Customers who buy the SU7 now still have to wait about 30 weeks, or seven months, for delivery.
Mercedes-Benz said it will cut redundant roles in China, and consolidation of the business will inevitably involve some staff.
A local media report yesterday said Mercedes-Benz China was laying off about 15 percent of its workforce.
CATL and Baidu will explore the use of CATL’s batteries, battery swap products and services, and skateboard chassis in driverless vehicles.
The two will explore and create competitive driverless vehicle products and innovative business models.
Li Auto delivered 158,696 cars in the fourth quarter, below the lower end of its guidance range of 160,000 to 170,000 units.
It had previously guided fourth-quarter revenue to be between RMB 43.2 billion ($5.94 billion) and RMB 45.9 billion, up 3.5 percent to 10.0 percent year-on-year.
In the UAE, a single battery swap service costs AED 119 ($32) for a 100-kWh battery pack and AED 99 for a 75-kWh pack.
Nio aims to expand its global presence to as many as 25 countries and regions by the end of 2025.
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