Chery

The Sterra ES hit the market less than 20 days ago, and the new variant lowers the starting price by 12 percent, underscoring the brutal competition in China's EV market.

Chery New Energy has slashed the official guide prices of its cheaper Little Ant and QQ Ice Cream models by 7.7 percent to 16.7 percent.

The Exeed Sterra ES is set to intensify competition in China's electric sedan sector and could also put Xiaomi, which is about to launch its first model, under more pressure.

Chery said its new concept car achieves the world's lowest wind resistance of 0.168 Cd with the help of its bionic design with the inspiration of tuna fish.

Chery is recalling a total of 20,063 Chery eQ1 EVs with production dates between December 3, 2016 and February 9, 2018 due to a battery system software strategy issue.

In January-February, Chery's NEV sales were 13,293 units, down 57.6 percent from 31,367 units in the same period last year.

In 2022, 3.11 million vehicles were exported from China, of which Chery contributed 452,000, or 14.5 percent.

Chery is planning at least five models with L2+ assisted driving capabilities based on its E0X platform, which will use Horizon Robotics' Journey 3 chip as the computing cornerstone.

Chery eQ series EVs saw retail sales of 9,084 units in China in May, up 61.3 percent from 5,632 units in the same month last year.

This is because the cost of some models continues to increase due to the impact of the sharp increase in the price of raw materials including batteries and chips.