Li Auto will launch its first pure electric SUV model, the Li i8, in July, and will roll out another electric SUV, the Li i6, in September.
It will only consider launching sedan models after its annual revenue doubles compared to 2024.
Category: CnEVPost
BYD completes deliveries of 1,000 Atto 3 EVs in South Korea in less than 2 months
BYD delivered its 1,000th Atto 3 in South Korea, just one and a half months after deliveries began on April 14.
The Atto 3 sold 543 units in South Korea in April, surpassing the long-dominant Tesla Model Y.
Li Auto reports 9% year-on-year growth in Q1 net income, gross margin remains flat
Li Auto reported a net income of RMB 646.6 million for the first quarter, up 9.4 percent year-on-year.
The gross margin for the first quarter was 20.5 percent, largely flat from the same period last year and the fourth quarter.
BYD Yangwang sees first batch of U7 sedans for delivery roll off line
The Yangwang U7 was launched on March 27 with a starting price of RMB 628,000 ($87,240).
Yangwang is BYD’s ultra-luxury sub-brand, which sold 135 vehicles in April.
BYD Shenzhen car carrier arrives in Brazil on maiden voyage with 7,300 cars on board
BYD Shenzhen has 9,200 standard loading spaces, covering an area equivalent to 20 football fields.
BYD Shenzhen embarked on its first ocean voyage on April 27.
BYD launches Sealion 07 electric SUV in Guatemala
The Sealion 07 EV has been renamed Sealion 7 in Guatemala, similar to BYD’s approach in other overseas markets.
BYD entered Guatemala in November 2024, launching four models at the time.
Nio, Zeekr reach deal to share charging facilities
Nio and Zeekr have reached an agreement to share charging facilities, marking a rare collaboration between two direct competitors.
Nio will collaborate with Zeekr to provide users with a wide-ranging and convenient charging service.
Xpeng Mona M03 gets 12,566 new orders within 1 hour of new variant launches
Xpeng has launched new Max and Plus variants for the Mona M03, with the Max variant offering capabilities similar to Tesla’s FSD.
Among the first hour’s orders, the Max variant accounted for 83 percent.
Xpeng launches Max variants for Mona M03, bringing Tesla FSD-like features to $18,040 model
The Xpeng Mona M03 Max starts at RMB 129,800 ($18,040) and comes standard with the free Turing smart driving system.
From January to April, the Mona M03 delivered 61,340 units, accounting for 47.53 percent of Xpeng’s total deliveries during the same period.
China NEV retail at 726,000 in May 1-25, up 31% year-on-year
China’s retail penetration of NEVs was 53.5 percent in the May 1-25 period, and 49.2 percent year-to-date.
Retail sales of all passenger cars in China were 1.358 million units in the May 1-25 period, up 16 percent compared with the same period last year.
China NEV retail at 726,000 in May 1-25, up 31% year-on-year
China’s retail penetration of NEVs was 53.5 percent in the May 1-25 period, and 49.2 percent year-to-date.
Retail sales of all passenger cars in China were 1.358 million units in the May 1-25 period, up 16 percent compared with the same period last year.
China May EV sales preview: Deutsche Bank expects Nio at 27,000, Tesla 39,000, BYD 390,000
Nio Inc’s deliveries in May are expected to be up 31 percent year-on-year and up 13 percent sequentially.
Tesla’s deliveries within China in May are expected to be up about 32 percent sequentially but down about 30 percent year-on-year.
Nio swap stations complete initial coverage of all districts in Tianjin
BYD Denza delivers 10,000th N9 SUV to founder of humanoid robot maker UBTech
BYD chairman Wang Chuanfu delivered the 10,000th N9 to UBTech founder Zhou Jian.
Zhou is one of several prominent entrepreneurs among BYD owners.
Xiaomi YU7 show cars to be available in 92 cities in China in Jun
On May 29, the YU7 will be available in 13 stores in Beijing, Xiaomi EV said.
The YU7 made its debut on May 22 and will be officially launched in July.
Chery offers discounts on multiple models across 4 brands as price war rages
Chery is offering discounts on a number of models, with a combined discount of up to 47 percent after subsidies.
After BYD offered extensive discounts, several automakers followed suit.
BYD, Xiaomi overtake Tesla as top EV brand choices in China, says UBS
“In China, we see intense competition and Tesla is no longer seen as the technology leader.”
In China, Tesla fell to 14 percent as a top EV brand choice, down from 18 percent last year, and now behind both BYD and Xiaomi.
Xiaomi SU7 Ultra’s cumulative locked-in orders exceed 23,000 units
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.
Xiaomi SU7 Ultra’s cumulative locked-in orders exceed 23,000 units
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.
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.
