BYD

BYD held a brand and product launch event in Italy, introducing the BYD Atto 3, Han, Dolphin and Seal to local consumers.

The Denza N7 will hit the market later this month, with deliveries set to begin in July, targeting a market in the RMB 400,000 range.

BYD will set up a joint venture with a local conglomerate to build a sodium-ion battery production base in Xuzhou, Jiangsu province.

CATL remains the largest power battery maker in China, but BYD's lead in the LFP market expanded in May.

Fang Cheng Bao's model lineup ranges from off-road vehicles to sports cars, and its initial model, a hardcore SUV codenamed SF, is expected to be launched this year.

Pre-sales for the new Song Plus DM-i start at RMB 169,800 and the Song Plus EV at RMB 179,800.

Wang believes that the NEV change is a technological revolution, and only companies with core technologies will survive.

Cumulative sales of Han family models reached 505,062 units and Tang family reached 501,662 units.

The new brand's official name could be Fangchengbao, with the first model expected to compete with the Mercedes-Benz G-Class.

In January-April, CALB's power battery installations of 8.4 GWh surpassed Samsung SDI's 7.5 GWh, according to SNE Research.