The starting price of the new M7 EREV is not only RMB 40,000 lower than its predecessor, it is also significantly lower than the price of its main competitor.
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From September 2022 to August 2023, the average number of newly added public charging piles in China was 54,000 per month.
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From January to August, China's NEV sales were 5.37 million units, up 39.51 percent year-on-year, accounting for 29.5 percent of all vehicle sales.
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China's wholesale sales of passenger NEVs in August were 805,000 units, up 28 percent year-on-year and up 9 percent from July.
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In January-August, China's passenger NEV wholesale sales are estimated at 5.08 million units, up 39 percent year-on-year, according to the CPCA.
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Deepal's SUV model S7 delivered 10,039 units and SL03 sedan 4,697 units in August.
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HiPhi previewed the price hike earlier this month, saying it was because the two long-range versions accounted for a larger-than-expected share of orders.
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Avatr's post-investment valuation reached RMB 20 billion, and Nio's stake in the company dropped from 0.81 percent to 0.67 percent.
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In the first four weeks of August, China's NEV retail penetration was 39.67 percent, while it was 33.70 percent year-to-date.
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A previous report said that a number of Chinese automakers, including Chery and Nio, were planning to order their own car carriers.
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