China battery prices face downward pressure as lithium prices continue to fall, says TrendForce
TrendForce expects battery cell prices to continue to face downward pressure at the beginning of the third quarter, with hopes for price stabilization resting on restocking demand under the peak season at the end of the third quarter.
Xiaomi EV's 3rd model to be EREV, set to hit market in 2026, report says
Xiaomi will use a new business model for its third model, replacing automotive-grade parts that aren't safety-related with consumer-grade hardware, according to local media.
BYD to build $1 billion EV plant in Turkey, production to start by end of 2026
BYD's Turkish plant has a planned annual capacity of 150,000 vehicles, and the signing was witnessed by the Turkish president.
Exclusive: Xpeng's new model due in Q4 to ditch LiDAR and move to Tesla-like pure vision solution
Xpeng's new model, internally codenamed F57, will not be using any LiDAR and move to a pure vision solution similar to Tesla's FSD, a source familiar with the matter told CnEVPost.
BYD to invest $890 million in phase 3 of new industrial park
The industrial park, which is adjacent to the Xiaomo Port, has already put into production the first phase of components and the second phase of vehicles.
China's NEV ownership reaches 24.72 million by end of Jun
As of the end of June 2024, China's BEV ownership amounted to 18.134 million vehicles, accounting for 73.35 percent of the total NEVs.
China NEV retail rises to 856,000 in Jun, penetration hits another record at 48.4%
Retail sales of BEVs in June were 493,000 units, down 0.5 percent from May, while PHEVs were 363,000 units, up 17.4 percent from May.
Tesla sells 59,261 cars in China in Jun, up 7% from May
Tesla sold 59,261 vehicles in China in June, down 20.15 percent year-on-year but up 7.33 percent from May.
Li Auto sees Li L7 deliveries exceed 200,000 units
The Li L7 was a model that was almost canceled during development, Li Auto CEO mentioned last year.
Xpeng's head of auto tech center departs
The head of Xpeng's automotive technology center, Jiao Qingchun, was the project leader for Xpeng's new H platform, of which the X9 MPV is the first model.