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China Electric eMobility eV Nio NIO ET5 Nio ET5 Touring Product Launch

NIO ET5 Touring launch: Live updates

(Image credit: CnEVPost)

(NYSE: NIO) will officially launch the ET5 Touring today, with its launch event starting at 19:00 Beijing time, and CnEVPost will be updating the event's main content in real-time in this post.

Here is what is already known:

NIO starts accepting consumer reservations for the ET5 Touring in China on June 10, and its first deliveries will start tomorrow June 16.

NIO will hold the European launch of the model on June 16 at 1:00 am Beijing time (June 15 at 1:00 pm US Eastern time).

The ET5 Touring measures 4,790 mm in length, 1,960 mm in width and 1,499 mm in height, and has a wheelbase of 2,888 mm, in line with the regular ET5 sedan, a previous regulatory filing show.

It is equipped with dual motors with a maximum power of 150 kW and 210 kW, respectively, and can support a top speed of 200 km/h.

Its battery suppliers include CALB, in addition to .

Below are the main contents of the NIO ET5 Touring launch event, with the latest at the top.

Including the battery, the starting price of the NIO ET5 Touring in China is RMB 298,000 ($41,620), which is the same as the starting price of the regular ET5.

NIO ET5 Touring will be available in China, Germany, Denmark, Netherlands, Norway and Sweden.

The NIO China team began participating in the launch.

The ET5 Touring with a 100-kWh long-range battery pack has a WLTP range of up to 560 km.

The ET5 Touring is available in 10 exterior colors.

The ET5 Touring launch event began with the NIO Europe team introducing the model at the NIO House in Frankfurt.

This is the first time that NIO starts the launch of a new model with an international team presentation.

Store visit: First impression of NIO ET5 Touring before official launch

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China Electric eMobility eV He Xiaopeng XPeng

XPeng CEO sees China EV landscape far from set

will enter an accelerating positive feedback loop starting in the third quarter of this year and will see faster growth from the third quarter of next year to the end of 2025, XPeng's CEO said.

(Screenshot from the video of XPeng CEO He Xiaopeng's speech.)

Electric vehicle (EV) startups see ups and downs in fortunes as the industry grows rapidly in China. XPeng (NYSE: XPEV) is one of the EV makers that has been in a downward spiral over the past year, but its CEO doesn't think it's a big deal.

In a speech at the China Auto Blue Book Forum in Wuhan, central China's Hubei province, XPeng chairman and CEO He Xiaopeng argued that the landscape of China's EV industry is not yet set and that there's no need to worry too much about winning or losing in the moment.

"Whether it's joint ventures, state-owned enterprises, or private companies, including the new car makers, we see very fierce competition in the whole industry," he said.

"In fact, I don't think we need to worry too much about this competition. First of all, has anyone already got the qualification to stay at the table today?" he said.

"At least, I don't think there's a single company in China, not a single startup, that will definitively be on the table for the next one," he added.

Citing the development of China's Internet industry over the past 20 years, he said he had been thinking from 2007-2010 about which products would qualify to be part of the mobile Internet end game.

"In fact, we later found out that there was no answer to that question," he said.

None of the products had a chance of qualifying for that from 2007 to 2010, and that qualification came in 2010 and later with the emergence of big hardware and software players, he said.

XPeng has seen strong delivery growth in 2021, with deliveries reaching an all-time high of 16,000 units in December 2021.

Its deliveries have continued to be weak since the second half of last year, dropping to 5,218 units in January of this year. In the past three months, it has delivered at slightly above 7,000 units each month.

Its local counterpart (NYSE: NIO) fared a bit better last year, but also faced a similarly sluggish delivery as it switched products this year, delivering just 6,155 vehicles in May.

In contrast, (NASDAQ: LI) has maintained strong deliveries since last year, with a record 28,277 vehicles delivered in May.

It's worth noting that Li Auto's current models are all extended-range electric vehicles (EREVs), which are essentially plug-in hybrids and have a much larger market space. Both XPeng and NIO only offer battery electric vehicles, which are in a fast-growing but small market.

In his speech today, Mr. He said he could foresee a large number of hybrid models in China in the next two years, especially in the family car segment.

"Because everyone sees the success, they will follow. Because they are following, a large number of models will focus on the same place. It's a very interesting thing," he said.

He stressed that automakers should have a long-term vision. "I think in the automotive space, for everything, you have to think about the layout for ten to twenty years, it's not possible to achieve a big change in three years' time," he said.

XPeng has faced many challenges in the last year, but the positive feedback for the company will accelerate in the full year starting in the third quarter of this year, he said.

From the third quarter of next year to the end of 2025, XPeng will enter a hyper-speed positive feedback loop, he said, adding that this is based on XPeng's overall layout.

Q1 earnings: How does NIO compare to XPeng and Li Auto?

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China Electric eMobility eV Nio NIO ET5 Nio ET5 Touring

NIO website shows countdown as ET5 Touring launch less than 8 hours away

Deliveries of the ET5 Touring in China will begin tomorrow, and management expects the model to enhance its competitiveness in the premium family car market.

NIO (NYSE: NIO) will hold a launch event for the ET5 Touring starting today at 19:00 Beijing time (7:00 am US Eastern time), and its official website is showing a countdown.

As of press time, the launch of the NIO ET5 Touring in China, themed "Journey Ahead," has 7 hours and 43 minutes to go. The delivery of the model in China will officially start tomorrow.

NIO's English website is also showing a countdown to the European launch event with the theme "Inspired By Life", which will start in 13 hours and 43 minutes.

The ET5 Touring will be the first NIO model to be launched at a global launch event. The company will hold the European launch of the model on June 16 at 1:00 am Beijing time (June 15 at 1:00 pm US Eastern time).

The ET5 Touring launch will be an event across six countries, NIO announced on June 10, when a post on the NIO App hinted that the model would be released to consumers in China, Norway, Sweden, Denmark, the Netherlands, and Germany.

Below is a video posted today by the NIO App of the ET5 Touring on a track drive in Germany.

 

NIO began accepting pre-orders for the ET5 Touring in China on June 10, although the model's specifications and price have not yet been announced.

For the ET5 Touring, many expect that its starting price in China, including the battery, will likely be 10,000 yuan ($1,400) to 20,000 yuan higher than that of the regular ET5.

NIO lowered the starting prices for all models by RMB 30,000 on June 12 and made the battery swap service, which was previously free several times a month, a paid option.

Under the latest pricing system, the starting price for the regular ET5, including the battery, is reduced to RMB 298,000. If consumers choose to lease the battery using the BaaS (battery as a service) program, then the starting price of the vehicle is RMB 228,000.

On March 9, the Chinese Ministry of Industry and Information Technology (MIIT) announced the latest batch of models that will be allowed to be sold in China, and the NIO ET5 Touring was included in the list.

The model has a length, width and height of 4,790 mm, 1,960 mm and 1,499 mm respectively, and a wheelbase of 2,888 mm, in line with the ET5 sedan, according to the filing information.

It is equipped with dual motors produced by NIO's electric drive systems division in Hefei, Anhui province, with a maximum power of 150 kW and 210 kW, respectively, and can support a top speed of 200 km/h.

As with several other NIO models based on the NT 2.0 platform, the NIO ET5 Touring supports the option of a retractable electric tow hook, which can tow a maximum of 1,400 kg of caravan weight.

The model's battery supplier includes CALB in addition to , as do the new EC6, EC7, new ES8 and new ES6.

The ET5 Touring can meet the diverse use scenarios of individual and family users, greatly enhancing the company's competitiveness in the high-end family car market, William Li, founder, chairman and CEO of NIO, said during a June 9 analyst call following the company's first-quarter earnings announcement.

($1 = RMB 7.1735)

Store visit: First impression of NIO ET5 Touring before official launch

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China City NGP Electric eMobility eV Smart Driving Tesla XNGP XPeng XPeng NGP

XPeng rolls out Tesla FSD-like assisted driving feature in Beijing

City NGP feature is expected to cover dozens of additional cities within the year, said.

(Image credit: CnEVPost)

XPeng's (NYSE: XPEV) Advanced Driver Assistance System (ADAS) similar to 's FSD (Full Self-Driving) is now available in Beijing, making the company the first to launch the feature in the Chinese capital city.

The XPeng feature, called City NGP (Navigation Guided Pilot), is open in Beijing for users participating in a public test and is currently available on Beijing's ring roads and major highways, according to a press release today.

In addition to public test users, the feature will soon be available for general users of the Max version of XPeng's flagship G9 and P7i with the Xmart OS 4.3.0 system update, it said.

XPeng P5's P-version models will also be able to use the City NGP feature in Beijing after upgrading to Xmart OS 3.5.0, according to the company.

 

City NGP is an ADAS feature similar to Tesla's FSD, which allows the vehicle to perform driving tasks when it is activated and navigation destinations are set.

This includes cruising at a safe distance from the vehicle ahead, changing lanes due to navigation or vehicle overtaking decisions, handling merging and lane splitting, and going around stationary vehicles or obstacles.

On September 17, 2022, the City NGP feature became available on a pilot basis in Guangzhou, where XPeng is headquartered. One month later, XPeng officially opened the feature to all eligible P5 cars in Guangzhou on October 21.

When XPeng launched its flagship SUV, the G9, on September 21, 2022, it said the model would feature a second-generation assisted driving system called XNGP.

XNGP is a full-scenario assisted driving system, and XPeng aims to have it provide driving assistance in all scenarios including highways, city roads, internal campus roads, and parking lots.

On October 24, 2022, XPeng said at its annual Tech Day event that XNGP for G9 Max will enable support for City NGP in Guangzhou, Shenzhen and Shanghai in the first half of 2023.

On March 31 of this year, XPeng announced that XNGP achieved the first phase of capability, covering the G9 Max and P7i Max versions, to gain City NGP capability in Shanghai, Shenzhen and Guangzhou, three cities with high precision map coverage.

Phase 2 of XNGP, which XPeng will launch in the second half of 2023, will see full lane-changing, overtaking and left/right turn capabilities extended to major Chinese cities without high-precision maps, while full-scenario ADAS is planned for 2024, the company said at the time.

When the full rollout of the XNGP system is completed in 2024, it will enable full-scenario ADAS from start to stop, the company said.

Based on XNGP's ability to iterate quickly, the improved capabilities of City NGP brought by the Xmart OS 4.3.0 upgrade will allow vehicles to handle tasks including lane changes, detours and following vehicles with greater ease, XPeng said today.

(Image credit: XPeng)

City NGP under the XNGP system has powerful AI learning capabilities that will allow driving skills to improve faster and also allow it to cover more cities at a faster pace, according to XPeng.

In addition to Beijing, Shanghai, Guangzhou and Shenzhen, the City NGP feature is expected to cover dozens of additional cities within the year, XPeng said.

The latest XNGP will also bring next-generation Highway NGP capabilities that perform closer to L4 assisted driving, with almost 0 takeover in highway scenarios, the company said.

City NGP has gained the equivalent of one year of driving experience for human drivers on average each quarter since its launch in October 2022, XPeng said.

In the second half of 2023, XPeng will gradually release ADAS features for Chinese cities or urban areas without HD map coverage, it said, adding that it also plans to offer customized NGP features for daily commutes across the country.

These initiatives will cater to a wider range of driving scenarios and provide users with a more intelligent driving experience in a variety of environments, XPeng said.

XPeng is seen as one of the strongest in China in terms of assisted driving capabilities, though its local counterparts are also making rapid progress on their own.

's similar feature is called NOP (Navigate on Pilot), though it doesn't yet cover urban areas. The company began allowing owners of all its NT 2.0 platform vehicles to apply for a trial of an improved version of the system, NOP+ Beta, on February 20.

NOP+ Beta covers 95 percent of China's core highways and urban fast roads, and offers significant improvements in safety and comfort of experience in scenarios including following, lane changing and overtaking, and ramp passing, NIO said on April 10.

NOP+ will gradually switch and upgrade to BEV architecture in 2023, and the hardware capability and algorithm architecture will help NOP+ cover more road scenarios, the company said at the time.

In addition, starting in the second half of 2023, the feature will support pilot navigation to battery swap stations along highways and automatic replacement of fully charged batteries, according to NIO.

NIO's assisted driving software covering urban areas is called NAD (NIO Autonomous Driving), and the system is not yet available.

(NASDAQ: LI) unveiled its latest generation of assisted driving system, AD Max 3.0, on the first day of the Shanghai auto show on April 18. The system's all-scenario Navigation on ADAS (NOA) will kick off internal testing this quarter and will cover more than 100 cities by the end of the year, Li Auto said at the time.

XPeng says G6 gets over 25,000 orders 72 hours after pre-sale starts

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Auto Show China Electric eMobility eV Nio Tesla

Tesla, NIO to take part in Shenzhen auto show starting Jun 16

This will be 's first presence at an auto show in China since April 2021, and will exhibit the ET5 Touring at the event and will hold a brief press conference on June 16.

(Image shows NIO's booth at the Shanghai auto show in April 2023. Credit: CnEVPost)

The southern Chinese city of Shenzhen will host an auto show starting this Friday, with Tesla (NASDAQ: TSLA) and new Chinese carmakers including NIO (NYSE: NIO) participating.

The 2023 Guangdong-Hong Kong-Macao Greater Bay Area International Auto Show (Auto Shenzhen 2023) will be held at the Shenzhen Convention and Exhibition Center starting June 16, where Tesla is one of the main exhibitors, according to information released today by the show's organizers.

This will be Tesla's first participation in an auto show in China since the Shanghai auto show in April 2021.

On April 19, 2021, on the first day of the last Shanghai auto show, a female owner got on the roof of a car at the Tesla booth and accused Tesla of brake failure. As of today, the dispute is still ongoing.

Since the drama, Tesla has not participated in any more auto shows in China, including the 2023 Shanghai auto show two months ago.

June 16 is the media day for the upcoming show, and general admission will be available from June 17 to June 24.

Tesla's booth is located in Hall 9 on the 1st floor, next to 's (NYSE: XPEV) booth. The booths of -backed AITO, Smart, Leapmotor, Rising Auto, and Voyah are also in the area.

NIO will also be at the show and will be showcasing the ET5 Touring, according to the event's organizers.

The day before that show starts, NIO will launch the ET5 Touring in China on June 15, with its launch event starting at 19:00 Beijing time. The company will also launch the ET5 Touring and the new ES6 in Europe a few hours later on the same day.

NIO's booth at the Shenzhen auto show is in Hall 3, near the booths of Bentley and Lotus. The company will hold a press conference at the show on June 16 from 10:00 to 10:30.

The last show, Auto Shenzhen 2022, started on May 28, 2022 and ran through June 5. It was the first auto show in China last year.

NIO's booth at Auto Shenzhen last year was also in Hall 3, a two-floor area where the first floor displayed the full range of models, a transparent second-generation battery swap station and NIO Power's products. The second floor includes a relaxation area, NIO Cafe, and Joy Camp.

In addition to Tesla, NIO and XPeng, new energy vehicle (NEV) makers including (OTCMKTS: BYDDY), (NASDAQ: LI) and will also participate in Auto Shenzhen 2023.

Store visit: First impression of NIO ET5 Touring before official launch

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Battery Swap China Electric eMobility eV Mercedes Benz Nio

NIO denies after rumors of partnership with Mercedes-Benz swirl

A fake rumor yesterday claimed that Mercedes-Benz will use 's battery swap network and will build its next-generation models based on NIO's standards.

(Image credit: CnEVPost)

Rumors about a partnership between NIO (NYSE: NIO) and German luxury car maker Mercedes-Benz were widely circulated on Chinese social media networks yesterday. But this was later denied.

One of the most widely circulated was an image with text claiming that Mercedes-Benz would use NIO's battery swap network and would build next-generation battery swap-enabled models based on NIO's standards.

In the comments section of a Weibo user's post sharing the image, NIO's legal department left a message later yesterday saying the image was a forgery.

Ma Lin, NIO's senior director of corporate communications, later retweeted the message. As of press time, the Weibo post has been deleted.

CnEVPost saw the image yesterday in several WeChat groups, as well as a chat transcript claiming that NIO had entered into a partnership with Mercedes-Benz.

The image mimics the style of the NIO App page and the company's statement, but the publisher of the false statement does not exist among NIO App users.

These false rumors appear at an interesting point in time, making it particularly noticeable.

On June 12, NIO announced an immediate RMB 30,000 ($4,200) reduction in the starting prices of all new models, but the previously free monthly battery swap service became a paid option.

On the same evening, NIO held a communication meeting with its customers and broadcasted the meeting live on its social media platforms.

William Li, NIO's founder, chairman and CEO, said in response to a question during the communication that several companies are now talking to NIO about using its battery swap network, according to the live stream watched by CnEVPost.

However, they will need to develop vehicles to NIO's battery swap standard, which takes time, Li said.

It's worth noting that these statements are not materially different from previous comments made by NIO management, which Li also said at the communication that they were diplomatic.

Li last mentioned similar remarks two months ago, when he said in an April 1 media group interview during the China EV 100 Forum that NIO wants other companies to share and build battery swap infrastructure with it.

"I met with several company executives today and they asked me how we could work together, and we're open to that," he said on April 1.

NIO refers to its battery swap model as battery as a service (BaaS), an innovation that can be understood through the lens of cloud services, Li said at the time.

The cloud services around the world, whether they are offered by Microsoft, Google and Amazon in the US or Alibaba, Tencent and in China, they all have one thing in common -- the companies themselves are the primary users, he said.

Despite frequent rumors over the past two years, as of yet no other car company has said it will use NIO's battery swap network.

In addition to the NIO brand, another brand that will use these battery swap stations will be the company's sub-brand, codenamed ALPS, which is expected to start delivering vehicles next year.

NIO's current plants can support the production of vehicles under both NIO and ALPS brands, and no major Capex investment is required, Li said in a June 9 analyst call following the announcement of first-quarter earnings.

Current battery swap stations are sufficient for both brands to share, he said.

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NIO's battery swap network open to other brands, just like cloud service, says William Li

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China Electric eMobility eV Li Auto Li Xiang Sales Target

Li Auto says confident it will outsell German luxury brands in China in 2024

CEO looks down on local peers, arguing that their sales are so low that they don't deserve to be taken seriously.

Li Auto (NASDAQ: LI), the buzzy Chinese car-making startup, has set an ambitious goal -- to outsell German luxury brands in 2024.

"With the delivery of the all-electric model and next year's Li L6, we are confident that we will surpass BBA in our total sales in 2024," the company said on Weibo yesterday while sharing insurance registration figures for last week.

"BBA" in China refers to German luxury brands Mercedes-Benz, BMW and Audi, and Li Auto appears to be aiming to outsell one of those three brands in China next year, though it didn't specify.

For reference, BMW Brilliance, BMW's joint venture in China, had retail sales of 653,976 units in 2022, essentially unchanged from 651,236 units in 2021 and ranked 14th in the China Passenger Car Association's (CPCA) top 15 sales ranking.

and FAW-Volkswagen are the top two in the ranking, with 1,804,624 and 1,779,077 units sold in 2022, respectively. Mercedes-Benz and Audi did not make the list.

From January to May this year, BMW Brilliance's retail sales were 274,763 units, up 9.1 percent from 251,880 units in the same period last year, placing it at No. 9 in the CPCA's latest top 10 sales ranking. Mercedes-Benz and Audi are still not on the list.

Li Auto yesterday shared vehicle insurance registration figures showing it sold 8,400 vehicles in the week of June 5 to June 11, bringing the cumulative sales so far this month to 11,900.

As of June 11, Li Auto had sold more SUVs than any of the "BBA" brands in China this month with just three SUVs, it said.

All of Li Auto's models currently on sale are extended-range electric vehicles (EREVs), essentially plug-in hybrid vehicles (PHEVs), including the five-seat Li L7 and the six-seat Li L9 and Li L8.

The company is expected to launch its first all-electric model by the end of the year, which will be an MPV (multi-purpose vehicle, or van) powered by the latest Qilin Battery from Chinese power cell giant .

On September 22, 2022, in a warm-up for the Li L8's launch in a few days, Li Auto said it will also launch the Li L6, a midsize five-seat SUV priced within RMB 300,000 yuan ($41,850).

As it eats into the German luxury carmaker's market, Li Auto is continuing to learn from the strengths of these established luxury brands.

"In the offensive ground game, the role models are of course the BBA, which are the best sellers in the market priced at RMB 300,000 and up. we learned from them how to open 4S stores, how to choose locations, and reduce customer acquisition costs to 1/5 of stores located in malls," Li Auto founder, chairman and CEO Li Xiang said on Weibo yesterday.

Li Auto also learned from these German luxury car companies how to operate in Shanghai, which does not offer free NEV license plates for EREVs, and boosted the company's sales in Shanghai to a peak in 2022 in one month's time, he said.

Before this year, Shanghai offered free license plates to consumers who bought NEVs, including battery electric vehicles (BEVs) as well as PHEVs.

Starting this year, only consumers who purchase BEVs will receive free license plates in Shanghai, while PHEVs, including EREVs, will not be eligible for the benefit.

In Li Auto's view, its only competitors are German luxury car companies, and local brands are not worth mentioning.

After the company shared its insurance figures for last week yesterday, it was accused by a Weibo user of the move as a continued attack on its local peers.

In response to the Weibo user, Li said that the sales of these local peers are so low that they are not worth mentioning, and that its core focus has always been on the market where BBA is located.

Li used the Chinese saying "three watermelons and two dates (仨瓜俩枣)" to describe the sales of its local counterparts, implying that they were too far behind Li Auto.

Li Auto's two main peers, (NYSE: NIO) and (NYSE: XPEV), both registered around 1,500 units of insurance last week, with 2,800 and 2,200 units from June 1 to June 11, respectively.

It is worth noting that both NIO and XPeng currently offer only BEVs, a fast-growing but currently small market in China.

In January-May, China's passenger vehicle retail sales were 7.63 million units, with NEVs contributing 2.42 million units, or 31.7 percent, according to the CPCA's figures.

BEVs sold 1.64 million units from January to May, contributing 21.5 percent of all passenger car sales.

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CPCA rankings: Top-selling automakers in China in May

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China Deliveries Electric eMobility eV EV Data Insurance Registrations Li Auto Neta Nio Tesla Weekly Data XPeng

China NEV insurance registrations for week ending Jun 11: Tesla 16,400, Li Auto 8,400, NIO 1,500

This article is being updated, please refresh later for more content.

From June 1-11, sold 2,800 units and 26,000 units.

(NASDAQ: LI) continued to flex its muscles, showing strong sales last week while its two local peers, NIO (NYSE: NIO) and (NYSE: XPEV), remained weak.

For the week of June 5 to June 11, Li Auto sold a record 8,400 units, the company said today on Weibo.

That's far more than other new car-making brands and more than the second, third and fourth places on the list combined, it said, adding that Li Auto had sold 11,900 units this month as of June 11.

Li Auto continues to rank in the top five luxury brands sold in the Chinese market and is the highest-ranked Chinese brand on the list, it said.

The company has maintained its focus on premium family customers and has made a strong showing in the segment with its L series models, it said.

With the company's all-electric model and the delivery of the Li L6 next year, Li Auto is confident it will surpass one of the German luxury brands BMW, Mercedes-Benz and Audi in total sales in 2024, it said.

Li Auto did not explain on what basis that weekly sales were tallied, but apparently, they were insurance registrations. The company had suspended sharing those numbers in May, but has later resumed sharing them.

All of the models Li Auto is currently selling are extended-range electric vehicles (EREVs), essentially plug-in hybrids, including the five-seat Li L7 and the six-seat Li L9 and Li L8.

The EREV maker guided a month ago for second-quarter deliveries of between 76,000 and 81,000 units, meaning June deliveries are expected to be between 22,042 and 27,042 units, considering it delivered 25,681 and 28,277 units in April and May, respectively.

Tesla (NASDAQ: TSLA) sold 16,400 units last week, putting the June 1-11 cumulative total at 26,000, according to Li Auto. In the previous week, May 29-June 4, Tesla's figure was 14,500 units.

NIO (NYSE: NIO) had 1,500 units last week and 2,800 units this month as of June 11. Its figure for the previous week was 1,700 units.

XPeng (NYSE: XPEV) was at 1,500 units last week and 2,200 units for the month as of June 11. XPeng's figure for the previous week was 2,100 units.

was at 1,500 units last week and 2,400 units this month as of June 11. Its figure for the previous week was 2,100 units.

Leapmotor was 3,000 units last week and 4,400 units this month as of June 11. Its figure for the previous week was 3,400 units.

was at 1,900 units last week and 2,800 units this month through June 11. Its figure for the previous week was 2,900 units.

Data table: China NEV weekly insurance registrations

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China Electric eMobility eV Li Auto Li Auto Family Tech Day

Li Auto to hold 1st ‘Family Tech Day’ on Jun 17

's poster hints that it may announce developments related to its assisted driving system NOA, and a battery that supports ultra-fast charging.  |  Li Auto US | Li Auto HK

(NYSE: NIO) and (NYSE: XPEV) both have their own signature annual events, NIO Day and 1024 Tech Day, respectively and now Li Auto (NASDAQ: LI) is creating a similar one.

Li Auto will hold its first Family Tech Day event on Saturday, June 17, starting at 20:00, the extended-range electric vehicle (EREV) maker announced on its social media accounts yesterday.

The company's poster yesterday mentioned the words "5C" and "NOA," hinting that it may announce progress on a battery that supports ultra-fast charging, as well as its NOA (Navigation on ADAS) system.

"Li Auto's Family Tech Day launch ushers in the era of dual-energy," its poster reads.

Li Auto has been targeting family users, and the three SUV models currently on sale -- Li L7, Li L8 and Li L9 -- are designed to cater to such groups.

On April 18, Li Auto unveiled its all-electric solution on the first day of the Shanghai auto show, saying that the company has officially entered the dual-energy era, a phase in which the EREV and battery electric vehicle (BEV) product lines are developing in parallel.

The company's all-electric solution is based on an 800 V high-voltage platform that enables a BEV to get 400 kilometers of range on a 10-minute charge, it said at the time.

By 2025, Li Auto's product array will include a super flagship model, five EREVs, and five BEVs, it said.

Li Auto's first all-electric model will be the world's first to feature 's 4C Qilin Battery, it said at the launch in April. The model is expected to be an MPV to be released by the end of the year.

C refers to the battery's charging multiplier, and 4C means that the pack can theoretically be fully charged in a quarter of an hour.

It's worth noting that when Li Auto previewed its Family Tech Day on May 31, it poster showed text that included "4C".

In the poster released yesterday, that text was changed to "5C," perhaps implying that it will use a faster-charging CATL battery.

In terms of assisted driving software, Li Auto announced its latest generation of assisted driving system, AD Max 3.0, on April 18, and said the software will be free for life.

Li Auto's current assisted driving systems include AD Max and AD Pro. AD Max 2.0 is powered by NVIDIA's Orin X chip and Hesai's LiDAR, while AD Pro 2.0 is powered by Horizon Robotics' Journey 5 chip.

AD Max 3.0's all-scenario NOA will begin internal testing this quarter and will cover more than 100 cities by the end of the year, Li Auto previously said.

Li Auto delivers record 28,277 vehicles in May, surpassing RMB 10 billion in monthly revenue for 1st time

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Tesla Model Y best-selling SUV in China in May with 31,054 units sold

From January to May, the Model Y sold 152,461 units at retail in China, up 87.03 percent year-on-year, and was also the best-selling SUV in China during the period.

's (NASDAQ: TSLA) Model Y was again the best-selling SUV in China in May, with the Model 3 also doing well in a sedan ranking.

Model Y retail sales in China in May were 31,054 units, up 428.58 percent year-on-year and up 16.05 percent from April, according to a ranking released yesterday by the China Passenger Car Association (CPCA).

This makes the Model Y the best-selling SUV in China in May, ahead of the second-place Yuan Plus with 26,072 units and the third-place BYD Song Plus with 22,079 units.

It is worth noting that the BYD Song family was considered as one model in the CPCA's previous rankings. The family includes the Dynasty Series Song Pro and Song Max, as well as the Ocean Series Song Plus.

Song Pro retail sales in May were 13,501 units, placing it at No. 9 in the ranking.

From January to May, Model Y retail sales in China were 152,461 units, up 87.03 percent year-on-year, making it the best-selling SUV in China during this period.

The BYD Song Plus ranked second with 149,485 units in January-May, and the BYD Yuan Plus ranked third with 117,531 units.

Model 3 retail sales in China in May were 11,454 units, up 189.97 percent year-on-year, but down 13.20 percent from April.

The Tesla sedan did not make the top 20 list of best-selling sedans in May, with the 20th place on the list being the Mercedes-Benz C-Class at 11,929 units.

The Model 3 was fifth on the list of premium sedan sales in May. The Mercedes-Benz E-Class was No. 1 with 14,600 units, the BMW 3 Series was No. 2 with 14,009 units and the Audi A6L was No. 3 with 13,154 units.

From January to May, Model 3 retail sales in China were 67,432 units, up 76.89 percent year-on-year, making it the best-selling premium sedan during this period.

The Audi A6L ranked second with 64,272 units from January to May, and the Mercedes-Benz E-Class ranked third with 61,244 units.

Tesla has a factory in Shanghai that produces the Model 3 and Model Y. Their combined retail sales in China in May were 42,508 units, ranking third in China's NEV market with a 7.3 percent share, according to data released by the CPCA on June 9.

Tesla's Shanghai plant exported 35,187 vehicles in May, up 57.51 percent year-on-year, but down 1.95 percent from April, data monitored by CnEVPost showed.

Tesla delivers 42,508 vehicles in China in May, taking 7.3% share of NEV market

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