New Model Rumors

Li Auto is expected to start delivering the Li M6 BEV in March 2025, with a delivery target of 200,000 units in the first year of launch, according to local media.

Earlier this week local media reported that Xpeng will launch a sedan codenamed F57 later this year, which will be a notch above the company's current flagship sedan, the P7 series.

The F57's smart driving system will remove LiDAR in favor of a pure vision solution and use 3D millimeter-wave radars, according to local media.

Nio has an aggressive target for the first model of Alps codenamed DOM, despite the short delivery window available during the year, according to the local media.

Last month, a Chinese media outlet reported that Tesla was planning to restart the third phase of its Shanghai factory, possibly focusing on a $25,000 model.

Alps will use a pure vision solution similar to Tesla's on its smart driving system to cut costs, according to local media.

Aito launched the new M7 on September 12. It previously said it had more than 120,000 firm orders for the M7 by the end of December.

The autonomous driving development and cockpit businesses of the Alps sub-brand are largely integrated with the Nio brand, with some businesses still operating independently, according to local media.

The move is in response to competition from Huawei-backed Aito's new M7, and Li Auto's sales expectation for the Li L6 is 20,000 units per month, according to local media.