Chery

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 and CATL also plan to offer Shenxing Battery-equipped models overseas, tapping into markets in Europe, the Middle East, ASEAN and North America.

The Luxeed S7 will be the first sedan jointly built by Huawei and an automaker and will surpass the Tesla Model S in every specification, a Huawei executive said.

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.

The Luxeed S7, the first model under the Luxeed brand, is expected to debut this quarter.

The coupe, which will be unveiled this quarter, belongs to the new Luxeed brand and will be the first to come with the HarmonyOS 4 operating system.

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.

Huawei is building at least two models jointly with Chery and at least one model with JAC, local media reports said.

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.