Lei Kang

Volkswagen China and FAW-Volkswagen plan to jointly invest about 800 million yuan in charging station operator CAMS to accelerate the deployment of charging network in China.

This is below the CPCA's June 25 estimate of about 670,000 units.

BYD will invest $620 million in the facility, which will include an electric bus and truck chassis plant, a new energy passenger car plant, and a processing plant specializing in LFP battery materials.

Denza officially launched the Denza N7 on July 3, targeting the market where Tesla Model Y is located with a starting price of RMB 301,800.

The battery swap-enabled trim of the Hyper GT starts at RMB 239,900, which Hyper claims can replace the battery in as little as two minutes.

Leopard 5 is said to be equipped with BYD's new powertrain DM-o, which is expected to combine the technical advantages of DM-i and DM-p.

In the first half of the year, wholesale sales of passenger NEVs in China are expected to be 3.53 million units, up 44 percent year-on-year.

Tesla Model 3 and Model Y delivered 446,915 units worldwide in the second quarter, beating market expectations of 437,400 and contributing 96 percent of deliveries.

The Hyper GT, the second model of GAC Aion's Hyper brand, will be launched on July 3.

As of June 30, Nio had 125 Nio Houses and 271 Nio Spaces worldwide.