Sales Target

Changan's German subsidiary has been registered, marking another step in its "Vast Ocean" plan.

In the second quarter of 2024, Xiaomi's innovative businesses, including smart EVs, generated total revenue of RMB 6.4 billion ($900 million), with a gross margin of 15.4 percent.

This is the second cut after Li Auto lowered its 2024 sales target from 800,000 units to 560,000-640,000 units.

Xiaomi EV will challenge a delivery target of 120,000 units for the full year 2024, implying a 20 percent increase from the previous target of 100,000 units.

Great Wall Motor plans to achieve overseas sales of over 1 million units by 2030, with premium models accounting for more than 1/3 of the total, it said.

As of April 20, locked-in orders for the Xiaomi SU7 have exceeded 70,000 units, Xiaomi founder Lei Jun said at an investor conference.

BYD's sales targets for the Dynasty series in 2024 are 1.7 million units and the Ocean series 1.6 million units, representing year-on-year growth of 13.9 percent and 15.7 percent, respectively, according to local media.

In 2024, BYD's full-year sales are expected to grow more than 20 percent from 2023, with overseas sales targeted at 500,000 units, Wang Chuanfu said.

Li Auto previously aimed to sell as many as 800,000 vehicles in 2024, and become the best-selling premium car brand in China.

The updated delivery guidance means that Li Auto now expects it to deliver between 24,584 and 26,584 vehicles in March.