EV Industry

The penetration rate of NEVs at retail in July is expected to be around 35.8 percent, up from 35.1 percent in June.

NEVs exported from China amounted to 800,000 units in the first half of the year, up 105 percent year-on-year.

In the past week, the HiPhi Y received 2,000 firm orders and more than 50,000 purchase intentions, a HiPhi executive said.

Lotus delivered the first Eletre EVs with digital rearview mirrors to owners on July 21 at its plant in Wuhan, Hubei province in central China.

In the first two weeks of July, China's NEV penetration at retail stood at 38.9 percent, with year-to-date penetration at 32.8 percent.

HoloMatic expects its losses to narrow dramatically by 2024 and to break even by 2025, when it will apply for a stock market listing.

A total of 13 percent of NEVs were equipped with more advanced L2+ driver assistance systems, with Li Auto and Nio contributing about half of that total.

The HiPhi Y, which starts at just RMB 1,000 more than the Nio ES6 but far less than HiPhi's other two models, is trying to get a piece of the mainstream premium EV market.

In the first week of July, China's NEV penetration at retail stood at 36.5 percent, with year-to-date penetration at 32.55 percent.

Nio sold 54,561 units in the January-June period, placing it in 10th place with a 1.8 percent share in the first half of the year.