The Binguo EV is now available in four variants in China with a starting price of RMB 56,800 ($7,810).
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Author: Lei Kang
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.
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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.
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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.
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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.
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The Li L7 was a model that was almost canceled during development, Li Auto CEO mentioned last year.
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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.
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SAIC says it will raise further defenses due to unreasonable and erroneous aspects of the European Commission's anti-subsidy investigation.
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Due to design reasons, these vehicles may experience brake fluid leakage, which can lead to reduced braking effectiveness and longer braking distances.
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The Z9GT, Denza's luxury flagship sedan model, made its debut at the Beijing auto show at the end of April, and its official launch is set to be at the end of this year.
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