Lei Kang

Leapmotor plans to complete the spin-off of its vehicle intelligence systems teams and set up a separate company by the end of this year, according to local media.

Jiyue will hold a launch event on August 28 about smart driving using end-to-end AI technology and will launch the Jiyue 07 sedan on September 10.

China's NEV retail penetration is set to exceed 50 percent for the second consecutive month and reach a new record high of 53.2 percent.

The production version of the SU7 Ultra, the most capable variant of Xiaomi's SU7, will be launched in the first quarter of 2025, Xiaomi CEO Lei Jun said.

The Avatr 012 is Avatr's second limited-edition model, based on the Avatr 12 electric sedan with different features to emphasize its more premium positioning.

China's NEV retail penetration rate was 54.02 percent in August 1-18, and 43.92 percent year-to-date.

This means that Li Auto has delivered 26,655 vehicles so far this month, considering that it had 873,345 cumulative deliveries as of the end of July.

The Changsha plant is GAC Aion's third, and its other two plants have a combined annual capacity of 400,000 vehicles.

Avatr has unveiled an extended-range system called Kunlun, which will first be used in the Avatr 07 SUV.

The R&D teams of IM Motors and Rising Auto, and power battery, smart driving, and chassis technology programs, will be relocated to SAIC's R&D innovation headquarters, according to local media.