Lei Kang

The Song L DM-i is expected to be powered by the same DM 5.0 hybrid system as the Qin L DM-i hybrid sedan, resulting in lower fuel consumption and longer range.

China sold 612,000 BEVs and a record 436,000 PHEVs in June.

The standard range variant of the Nio Onvo L60 will carry a 60.6-kWh battery pack with a CLTC range of 501 to 555 kilometers, according to a new regulatory document.

In the first half of 2024, BYD was No. 1 in China's NEV market with a 33.8 percent share, while Tesla was No. 3 with a 6.8 percent share.

The Binguo EV is now available in four variants in China with a starting price of RMB 56,800 ($7,810).

TrendForce expects battery cell prices to continue to face downward pressure at the beginning of the third quarter, with hopes for price stabilization resting on restocking demand under the peak season at the end of the third quarter.

Xiaomi will use a new business model for its third model, replacing automotive-grade parts that aren't safety-related with consumer-grade hardware, according to local media.

As of the end of June 2024, China's BEV ownership amounted to 18.134 million vehicles, accounting for 73.35 percent of the total NEVs.

Retail sales of BEVs in June were 493,000 units, down 0.5 percent from May, while PHEVs were 363,000 units, up 17.4 percent from May.

The Li L7 was a model that was almost canceled during development, Li Auto CEO mentioned last year.