Lei Kang

China's BEV sales in July stood at 551,000 units, down 10 percent from June, while PHEV sales grew to a new record high of 438,000 units.

Xpeng has reorganized its structure to focus on end-to-end AI large models in line with changes in the smart driving technology route, according to local media.

China's retail penetration of NEVs reached a record 51.1 percent in July, the first time it has exceeded the 50 percent mark, meaning that for the first time, NEVs overtook conventional gasoline vehicles in new car sales.

The Neta S shooting brake would be launched in August and volume deliveries would begin in September, an executive said previously.

China's NEV penetration at retail stood at 50.84 percent in July, the first time in history it has exceeded 50 percent, according to preliminary CPCA data.

Maextro's first model is expected to be launched in the first quarter of next year, with JAC currently hoping to build 38 test cars, according to local media.

CATL and BYD continued to hold the top two positions as the world's largest battery makers in the first half of 2024, both increasing their share slightly from January-May.

The Yuan Up is the ninth model BYD has launched in Chile, where the model has been rebranded as the Yuan Pro.

Demand for power batteries in China was steady overall in July, but battery material costs continued to fall, resulting in a slight downward trend in battery cell prices, TrendForce said.

The updated Neta X has a starting price of RMB 89,800 ($12,550), which is 10 percent lower than its predecessor.