Xpeng to gradually replace direct stores with dealers, report says
Downsizing the number of directly operated stores is becoming a new industry trend, with both Xpeng and Zeekr increasing the proportion of dealer stores, according to local media.
China Aug NEV sales up 8.46% MoM to record 846,000, CAAM data show
From January to August, China's NEV sales were 5.37 million units, up 39.51 percent year-on-year, accounting for 29.5 percent of all vehicle sales.
Nio confirms new EC6 to be launched on Sept 15, already accepting pre-orders
Nio will hold an event to launch the new EC6 on September 15 starting at 8 pm. Customers can already pay RMB 5,000 to pre-order the model.
Lithium prices fall below key level in China as new downtrend continues
The price of battery-grade lithium carbonate fell below RMB 200,000 per ton for the first time in four months, as industry players' expectations of supply-demand balance changes.
Chinese EV battery maker Gotion to build $2 billion plant in Illinois, to start production in 2024
The plant will focus on lithium-ion battery cell and pack production and energy storage system integration, and is expected to produce 10 GWh battery packs and 40 GWh cells when completed.
Li Auto Aug deliveries breakdown: Li L7 at 12,752, Li L8 at 11,227
All three Li Auto models delivered more than 10,000 units in August, with the least expensive Li L7 continuing to contribute the most.
Xpeng Aug deliveries breakdown: G6 at 7,068, P7 at 4,241
The G6 contributed 51.63 percent of Xpeng's deliveries in August, while the P7 contributed 30.98 percent.
Tesla Aug sales in China: Model Y at 51,117, Model 3 at 13,577
The Model Y contributed 79.01 percent of Tesla's retail sales in China in August and 71.42 percent in January-August.
Nio Aug deliveries breakdown: ES6 contributes 44.5% with 8,601 units
The ET5 Touring contributed 21.12 percent of Nio's deliveries in August with 4,083 units. The regular ET5 contributed 14.91 percent with 2,882 units.
Tesla delivers 64,694 vehicles in China in Aug, exports 19,465 from Shanghai plant
Tesla's share of the Chinese BEV market was 13.18 percent in August, up from 7.46 percent in July.
