Phate Zhang
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Li Auto CEO sees German luxury automakers' SUV prices in China dropping sharply within two years
By the end of 2024 at the latest, the main models of BBA's locally produced medium-to-large SUVs will be selling for less than RMB 500,000, he said.
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Nio adds wearable device sales to its range of business
The move appears to be in preparation for the start of sales of VR/AR glasses as part of Nio's efforts to provide users with a better smart cockpit experience.
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Evergrande's first model to start pre-sales in July and deliveries in October, report says
The pre-sale price of the Hengchi 5 has not been fully determined and is expected to be around RMB 200,000 yuan ($29,880), with the first production run of about 10,000 units, according to local media.
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Changan to suspend taking orders for hot-selling Benben EV from July 1 amid rising raw material prices
Changan EV becomes the latest after Ora to stop taking orders for its low-priced hot-selling model as raw material prices continue to rise.
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BYD's new plant in Hefei sees first vehicles roll off line
This is BYD's sixth production site in China and currently produces the Qin Plus DM-i and core components including the engine and motor.
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Nio rebounds in Hong Kong morning trade after Wednesday's big drop
Nio is up 3.26 percent in Hong Kong as of this writing. It closed down 11.26 percent in Hong Kong yesterday, the biggest one-day drop since May 6.
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China's June retail sales of NEVs likely to hit record high, CPCA says
Sales of major Chinese automakers' NEVs grew at a rapid pace in June, with retail sales expected to approach 500,000 units, the CPCA said.
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Xpeng G9 to open for pre-order in August and officially launch in September, CEO says
Xpeng G9 will be the best SUV within RMB 500,000 ($74,550), said the company's chairman and CEO, He Xiaopeng.
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Audi breaks ground on first facility dedicated to pure electric vehicle production in China
The project, with a design capacity of 150,000 vehicles per year, is scheduled to start production by the end of 2024.
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Nio issues official statement on short-selling report, stock briefly halted trading in Singapore
Nio fell 7.67 percent to S$21.9 before trading was suspended in Singapore. Its trading resumed at around 13:30 and the drop extended to 8.73 percent by press time.
