Tag: NIO

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Battery Swap China Electric eMobility eV Nio

Nio puts 29 swap stations into operation, most ever in single day

In June, added 95 battery swap stations in China.

(Image credit: Nio)

Nio (NYSE: NIO) today saw the largest single-day increase in the number of battery swap stations, as the electric vehicle (EV) maker moves toward its goal of adding 1,000 stations this year.

Nio put 29 new battery swap stations into operation in China today, bringing the total to 1,543, with 423 of those stations located along highways.

This is the highest single-day addition of battery swap stations for Nio, surpassing the previous record of 22 on October 31, 2021, according to data monitored by CnEVPost.

In June, Nio added 95 battery swap stations, largely meeting the company's previously mentioned goal.

Nio announced plans late last year to add 400 battery swap stations in 2023, but that plan was raised to 1,000 on February 21.

William Li, Nio's founder, chairman and CEO, said at the time that the company would further accelerate the deployment of battery swap stations, with a goal of having more than 2,300 battery swap stations in China by the end of 2023.

The company will deploy about 100 battery swap stations in June and more quickly thereafter, which will help boost sales, Li said during a June 9 first-quarter earnings call.

In overseas markets, Nio put a new battery swap station into operation in Germany on June 29, its third in the country.

As of June 29, Nio had 18 battery swap stations and eight charging stations in Europe.

Nio also put 18 supercharging stations into operation in China today, bringing the total to 1,482 and providing 7,271 supercharging piles. It added four new destination charging stations today, bringing the total to 1,285 stations with 9,096 charging piles.

The company made a decision earlier this month that will likely have far-reaching implications for its battery swap system.

On June 12, Nio lowered the starting prices of its entire lineup of vehicles by RMB 30,000 ($4,140) and made the previously free battery swap service offered four or six times per month a paid option with an upgrade package that costs RMB 30,000.

The move is expected to increase the appeal of Nio vehicles in areas where battery swap stations are few, as potential customers will not have to worry about paying the extra price but not enjoying the convenience of battery swap service.

Nio's local counterpart (NASDAQ: LI), whose current models are all extended-range electric vehicles (EREVs) that can be refueled, has also begun building out its charging network.

Li Auto today put five supercharging stations into operation, bringing the total number to 30. The company opened the first seven superchargers for trial operation on April 20.

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Nio swap station count update: 29 added, total 1,543

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China Electric eMobility eV Product Launch Tesla XPeng XPeng G6

Xpeng officially launches G6 with starting price of $29,010 to regain past glory

The G6 is expected to be the top-selling smart electric SUV in China in the RMB 250,000 price level within two months, said 's CEO.

(Image credit: Xpeng)

Xpeng (NYSE: XPEV) today officially launched its highly anticipated new SUV, the G6, in China at prices significantly below the pre-sale price to recapture its past glory.

The G6 is a direct competitor to the Model Y, and Xpeng is offering it in five versions, including two Pro versions and three Max versions.

These five versions start at RMB 209,900 ($29,010), RMB 229,900, RMB 234,900, RMB 254,900 and RMB 276,900 respectively.

The starting price is RMB 15,100 lower than Xpeng's G6 pre-sale price of RMB 225,000 announced on June 9.

The G6 measures 4,753 mm in length, 1,920 mm in width and 1,650 mm in height, and has a wheelbase of 2,890 mm, which is essentially the same as the Tesla Model Y, which measures 4,750 mm in length, 1,921 mm in width and 1,624 mm in height, and has a wheelbase of 2,890 mm.

The Model Y is currently available in three versions in China, with starting prices of RMB 263,900, RMB 313,900 and RMB 363,900 respectively.

The Tesla model sold 31,054 units at retail in China in May, making it once again the best-selling SUV in the country, according to a ranking released earlier this month by the China Passenger Car Association (CPCA).

Xpeng began pre-sales of the G6 on June 9 and later announced that the model had received more than 25,000 orders in 72 hours.

At today's launch event, Xpeng chairman and CEO He Xiaopeng said the G6 had more than 35,000 pre-sale orders as of June 28 since June 9.

The G6 is expected to become the top-selling smart electric SUV priced at the RMB 250,000 level in China within two months, he said.

It's worth noting that while Xpeng previously emphasized that the G6's most direct competitor is the Tesla Model Y, Mr. He's comments seem to rule out comparisons to the Model Y, which is priced above RMB 250,000 for all versions.

In China, consumers generally prefer SUVs with more space, which is why the earliest models from startups including Xpeng, (NYSE: Nio) and (NASDAQ: LI) were all SUVs.

Tesla's Model Y has also quickly become one of the best-selling electric vehicles in China after it starts production at its Shanghai plant in 2021.

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 that period.

Based on the 800 V platform, the Xpeng G6 boasts more than 100 advanced features, including a 3C battery that supports ultra-fast charging, and the company's signature driver assistance software, XNGP.

Four versions of the vehicle are single-motor rear-wheel drive models, offering a choice of two ranges -- 580 and 755 kilometers. The most expensive version is a dual-motor four-wheel drive model with a CLTC range of 700 kilometers.

The G6 can be charged from 0 to 80 percent in as little as 20 minutes, with combined energy consumption as low as 13.2 kWh per 100 km.

The model is equipped with battery cells from 's local rival CALB and battery packs produced by Xpeng's plant in Wuhan, Hubei, according to a previous regulatory filing.

In terms of performance, the lowest-priced Xpeng G6 can accelerate from 0 to 100 km/h in 6.6 seconds, while the highest-priced 4WD version is 3.9 seconds.

XNGP is an all-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 June 15, Xpeng announced that the urban part of the system, City NGP (Navigation Guided Pilot), became available in Beijing after Guangzhou, Shenzhen and Shanghai.

Xpeng announced at today's launch event that XNGP will cover an additional 50 Chinese cities in the second half of the year, with the goal of being available in 200 cities next year.

The G6 show cars and vehicles for test drives are already available in Xpeng showrooms in China, and deliveries of the model will begin in July.

Xpeng also said today that the G6 is based on Chinese and European five-star safety standards and that deliveries in Europe will also begin next year.

Xpeng restarted its European expansion, once on hold, with the launch of the G9 and the new P7 in Europe in February.

The G6 will be crucial for Xpeng to boost weak sales, which fell to 5,218 units in January and have only recovered to just over 7,000 units in the past three months.

The G6 will be a hot seller in China's new-energy SUV market in the RMB 200,000 to 300,000 range, and will enable Xpeng's total deliveries to grow well above the industry's pace in the third quarter, the company's management said in a May 24 analyst call following its first-quarter earnings announcement.

Xpeng management also said at the time that it had set aside about two months between the start of production and delivery of the G6, a model that Xpeng hopes will reach more than double the sales of the P7i.

This means that Xpeng management expects monthly sales of the G6 to reach 6,000-8,000 units, Deutsche Bank analyst Edison Yu's team said in a May 30 research note.

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XPeng making its last stand with G6, says Deutsche Bank

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China Electric eMobility eV GAC Aion GAC Aion Global GAC Aion Thailand

GAC Aion announces entry into Thailand with plans for local production

will set up its Southeast Asia headquarters in Thailand within this year, with local production in the country in active preparation, it said.

(Image credit: CnEVPost)

GAC Aion, the electric vehicle (EV) subsidiary of GAC Group, has announced its entry into the Thai car market, becoming the latest Chinese EV maker to do so.

On June 28, GAC Aion signed a memorandum of cooperation with a Thai dealership to officially enter the Thai market, kicking off the brand's internationalization, said an announcement yesterday.

The signing is the first step in the overseas strategy of GAC Aion, which will set up its Southeast Asian headquarters in Thailand within this year, it said.

Meanwhile, local production of models offered in Thailand is in active preparation, GAC Aion said.

Going forward, GAC Aion will deepen its efforts in the Thai market and expand its presence in Southeast Asia, it said.

GAC Aion sold a record 45,003 vehicles in May, its third consecutive month of more than 40,000 units, according to figures it released earlier this month.

In a ranking released earlier this month by the China Passenger Car Association (CPCA), GAC Aion ranked second among the top 10 NEV retail sales, behind 's 220,735 units.

GAC Aion plans to produce and sell 500,000 pure electric vehicles this year and launch overseas business efforts, GAC Group spokesman Yin Jie said at a June 27 press conference held by the Guangzhou municipal government.

GAC Aion is the latest local car company to announce its entry into Thailand. As competition in China's EV market grows fiercer, several car companies have set their sights on overseas markets.

Nio (NYSE: ) and Xpeng (NYSE: XPEV) are currently focusing their overseas efforts on Europe, in terms of choosing their first overseas market.

Other Chinese EV makers, including Automobile and Leapmotor, are targeting less economically developed markets in Southeast Asia or the Middle East.

On August 24, 2022, Neta announced the launch of the right-hand-drive version of the Neta V EV at a launch event in Thailand, as its first model offered there.

On March 10 this year, Neta laid the foundation stone for its factory in Bangkok, Thailand, which will be its main manufacturing base for building right-hand-drive electric vehicles for export to ASEAN.

GAC Aion aims to sell 500,000 all-electric vehicles this year

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China Electric eMobility eV Zeekr Zeekr 001 Zeekr Europe Zeekr X

Zeekr starts pre-sales of Zeekr 001 and Zeekr X in Europe, deliveries to start within this year

's first direct offline stores will open in the Netherlands, Sweden by the end of the year, and it will be in most of Western Europe by 2026.

(Zeekr 001. Image credit: CnEVPost)

Holding Group's premium electric vehicle (EV) brand Zeekr has started pre-sales of two models in Europe, after announcing plans to enter the market two months ago.

Zeekr is bringing the Zeekr 001 shooting brake as well as the Zeekr X city SUV to Europe with starting prices of 59,490 euros ($65,150), and 44,990 euros, respectively, according to a press release today.

Both models will go on sale first in Sweden and the Netherlands, with first deliveries expected to begin within the year, Zeekr said.

Similar to its local counterpart (NYSE: Nio), Zeekr will bring its direct sales model from China to Europe.

Zeekr's first direct offline stores will open in Stockholm, Sweden, and Amsterdam, Netherlands, by the end of the year, and it will be in most of Western Europe by 2026, according to the release.

(Zeekr X. Image credit: CnEVPost)

Zeekr was officially launched as an independent company in March 2021, with its first model, the Zeekr 001, launched on April 15, 2021, and deliveries in China starting in October 2021.

The Zeekr 001 is currently offered in four versions in China with starting prices of RMB 300,000 ($41,410), RMB 300,000, RMB 349,000 and RMB 386,000 respectively.

On November 1, 2022, Zeekr's second model, the Zeekr 009 MPV, was officially launched, and its delivery started on January 15.

On April 12, Zeekr unveiled its third model, the Zeekr X, and its deliveries in China began on June 12.

The Zeekr X is currently offered in three versions in China, with starting prices of RMB 189,800, RMB 209,800 and RMB 209,800 respectively.

On April 18, Zeek announced its European strategy on the first day of the Shanghai auto show, stating that its European headquarters will be located in Amsterdam.

In the Netherlands, Zeekr offers three versions of the Zeekr 001 with starting prices of 59,490 euros, 62,490 euros and 67,490 euros respectively. Zeekr X is offered in two versions in the Netherlands with starting prices of 44,990 euros and 49,490 euros respectively.

In Sweden, the Zeekr 001 is available in three versions starting at 677,000 SEK ($62,760), 707,000 SEK and 757,000 SEK. The Zeekr X is available in two versions in Sweden starting at 550,000 SEK and 595,000 SEK.

The Zeekr 001 and Zeekr X were developed at Zeekr's global design and development center in Gothenburg, Sweden, the company said in April.

Zeekr's European team of more than 1,500 engineers and designers is already in place and has produced multiple models for the Geely. Their long-standing experience has been a core strength of Zeekr's successful entry into Europe, the company said.

Zeekr delivered 8,678 vehicles in May, bringing January-May deliveries to 32,013, up 117.66 percent from the same period last year, according to figures released earlier this month.

The company is aiming to double deliveries this year from last year's 71,941 units to about 140,000.

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Zeekr starts delivery of Zeekr 001 with CATL Qilin Battery, CLTC range up to 1,032 km

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China Deliveries Electric eMobility eV Nio NIO ES8

Nio begins delivery of new ES8 in China

The new ES8 was launched in December 2022 and currently has a starting price of about $68,900 including the battery.

(Image credit: )

Nio (NYSE: NIO) has begun deliveries of the new ES8 in China, having only allowed customers to lock in orders for the flagship SUV earlier today.

Deliveries of the new ES8 have officially kicked off, Nio announced on Weibo this afternoon.

The electric vehicle (EV) maker did not provide more information, including the number of first deliveries of the new ES8.

Nio launched the new ES8 on Nio Day 2022, December 24, 2022, as its first production vehicle transitions to the latest NT 2.0 platform.

The model is offered in three versions – regular version, Executive Edition, and Signature Edition -- and after price adjustments over the past few months, they now start at RMB 498,000 ($68,900), RMB 518,000, and RMB 598,000, respectively, including the battery.

If customers choose to purchase the car using the BaaS (battery as a service) plan, the starting prices for the three versions are RMB 428,000, RMB 448,000 and RMB 470,000 respectively, with the monthly battery rental cost starting at RMB 980.

It's worth noting that as Nio's highest-priced model, the new ES8 is unlikely to contribute much in terms of sales, even though it is one of the best models in its market.

In May, retail sales of models priced above RMB 400,000 in China were 53,000 units, accounting for just 3 percent of all passenger car sales of 1.74 million units, according to the China Passenger Car Association (CPCA).

Prior to the launch of the new ES8, its predecessor saw its highest sales ever in December 2021 at 2,782 units, contributing 26.5 percent of Nio's total sales of 10,489 units for the month, according to data monitored by CnEVPost.

Nio ES8 sales have been below 2,000 units since January 2022, with the less expensive ES6 contributing the bulk of sales in most months.

Nio launched the new ES6 on May 24, with a current starting price of RMB 338,000 including the battery. Deliveries of the new ES6 began on launch night.

When the EV maker reported first-quarter earnings on June 9, it guided for second-quarter deliveries of between 23,000 and 25,000 vehicles, meaning it expects to deliver 10,187-12,187 vehicles in June.

Nio sold 3,200 units last week and 8,000 from June 1 to June 25, according to figures shared yesterday by its local counterpart .

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NIO's new order intake hits year-to-date high with launch of new ES6, Morgan Stanley says

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China Electric eMobility eV Nio NIO ES8

Nio begins allowing consumers to lock in orders for new ES8

Deliveries of the new ES8, which starts at about $68,900 including the battery, will begin later today.

(Image credit: Nio)

Nio (NYSE: NIO) has begun allowing Chinese consumers to lock in orders for the new ES8, with first deliveries set to begin later today.

The new ES8 began accepting locked orders today, and show cars and vehicles for test drives are already arriving at the company's showrooms in various cities, according to a post on Nio's mobile app today.

The flagship SUV is Nio's transition to the NT 2.0 platform for its first production vehicle, with a length, width and height of 5,099 mm, 1,989 mm and 1,750 mm, respectively, and a wheelbase of 3,070 mm.

Nio is offering three options for the new ES8, including the regular, Executive and Signature editions, with starting prices of RMB 498,000 ($68,900), RMB 518,000 and RMB 598,000, respectively, including the battery.

If consumers choose to purchase the car using the BaaS (battery as a service) plan, the starting prices for the three versions are RMB 428,000, RMB 448,000 and RMB 470,000, respectively, and the monthly battery rental fee starts at RMB 980.

The first owners of the new ES8 will receive a 6-year or 150,000 km vehicle warranty and a 10-year unlimited mileage warranty on the battery, motor and electric control system. They will also receive free lifetime roadside assistance and up to 8 GB of traffic per month for 6 years of free car internet connectivity.

Consumers who purchase the new ES8 on or before July 31 will receive a home charging pile worth RMB 7,500, NOP+ two years free access worth RMB 9,120, Nio Air AR glasses and Nio Air smart ring worth RMB 2,597.

Nio launched the new ES8 on Nio Day 2022 on December 24, 2022, when the starting prices for the three versions including the battery were RMB 528,000, RMB 548,000 and RMB 638,000 respectively.

On June 12, Nio made the previously free battery swap benefit optional, thus reducing the price of all models by RMB 30,000.

Following this move, the starting prices of the three versions of the new ES8 were RMB 498,000, RMB 518,000 and RMB 608,000 respectively.

On June 24, Nio announced that the price of the Signature Edition of the new ES8 was adjusted to RMB 598,000, a further reduction of RMB 10,000. The prices of the regular and Executive editions remain unchanged.

Consumers can purchase the new ES8 with the optional benefit upgrade package in the vehicle configurator for RMB 30,000. The package includes four free battery swap services per month and a 10-year unlimited mileage warranty on the vehicle.

Consumers who purchase before July 31 can upgrade the 4 free battery swaps per month in the package to 6 per month if they forgo the free home charger.

Deliveries of the new ES8 will begin later today, Nio said.

Nio sold 3,200 units last week and 8,000 between June 1 and June 25, according to figures shared yesterday by .

The company guided for second-quarter deliveries of between 23,000 and 25,000 vehicles when it reported first-quarter earnings on June 9, meaning it expects to deliver 10,187-12,187 vehicles in June.

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China NEV insurance registrations for week ending Jun 25: Tesla 16,700, Li Auto 7,500, Nio 3,200

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Battery Swap China CNOOC Electric eMobility eV Nio

Nio partners with Chinese oil giant CNOOC on power-up network deployment

CNOOC -- one of China's three largest oil giants -- said it will provide with reliable sites, technology and service support to fuel the rapid growth of its charging and battery swap network.

(Image credit: Nio)

Nio (NYSE: NIO) has entered a strategic partnership with China National Offshore Oil Corporation (CNOOC) at a time when the oil giant, like its other local peers, is seeking to transform itself into an integrated energy service provider.

On June 27, Nio's energy business unit, Nio Power, signed a strategic cooperation framework agreement with CNOOC Refinery, CNOOC's petroleum refining subsidiary, to jointly build charging and battery swap infrastructure, the electric vehicle (EV) maker said yesterday.

Wang Weimin, chairman and general manager of CNOOC Refinery, and Qin Lihong, co-founder and president of Nio, attended the signing ceremony in Hefei, Anhui province, and remotely witnessed the launch of the first joint battery swap station between the two in Huizhou, Guangdong province.

Wang visited one of Nio's manufacturing sites and a Nio House in Hefei and had a hands-on experience at a battery swap station, according to an announcement from Nio.

Guided by China's carbon peak and carbon neutral goals, CNOOC is actively building integrated energy sites and will gradually transform from an energy producer to an integrated energy service provider, Wang said.

CNOOC will next provide Nio with reliable sites, technology and service support to facilitate the rapid development of its charging and battery swap network, according to Wang.

 

CNOOC is China's largest operator of offshore oil and gas production, ranking 65th on the Fortune 500 for 2022 with $127 billion in revenue, according to the Fortune website.

CNOOC Refinery is CNOOC's business in charge of refining and chemical sales, with assets of more than RMB 100 billion, according to Nio's announcement.

Currently, Nio and CNOOC Refinery are already working together in several Chinese provinces and cities, which will provide users with a more convenient energy replenishment experience, the announcement said.

In 2020, China announced its goal of achieving carbon peak by 2030 and carbon neutrality by 2060. Since then, controlling carbon emissions has become a major concern for Chinese society, especially in the energy sector.

In addition to CNOOC, the other two largest Chinese oil giants, Sinopec and China National Petroleum Corp (CNPC), have both made it clear that they will transform into integrated energy service providers.

Sinopec appears to be more aggressive in this transformation, stating in March 2021 that it will aim for carbon neutrality 10 years ahead of the national commitment, with net zero emissions as its ultimate goal.

As part of achieving that goal, Sinopec signed a strategic partnership agreement with Nio on April 15, 2021, to co-build charging and battery swap infrastructure.

At that time, the first Nio second-generation swap station was opened in a Sinopec gas station area in Beijing in the presence of both parties.

On April 15 of this year, the second anniversary of their partnership, the number of charging and battery swap stations they have built together reached 251, according to information previously shared by Nio.

These stations include 102 battery swap stations, 121 supercharging stations and 28 destination charging stations, covering 27 provincial administrative regions and 89 cities.

On November 24, 2021, the first two battery swap stations built by Nio and CNPC were put into operation, marking the official result of their cooperation.

In addition to its partnership with the Chinese oil giants, Nio also signed a strategic partnership agreement with Shell, the world's largest gasoline retailer, in November 2021 to collaborate on charging and battery swap facilities in China and Europe.

The two would jointly install 100 swap stations in China by 2025, according to a statement at the time.

On August 1, 2022, the first Nio-Shell partnership battery swap station and supercharger station went into operation in Xiamen, Fujian province, in southeastern China.

On May 16 of this year, Nio said the first battery swap stations it built with Shell in Europe went live in the Netherlands.

To date, Nio has 1,511 battery swap stations in China and 1,457 supercharging stations offering 7,176 supercharging piles, according to data monitored by CnEVPost.

In Europe, Nio has 17 battery swap stations and 8 charging stations.

Nio reaches 1,500 swap stations in China as it aims for 2,300 by year-end

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China Electric eMobility eV Li Auto Li Xiang Sales Target

Li Auto CEO denies raising sales target for this year to 400,000 units

finished the first half of the year with more than 130,000 units sold and does not have any ability to sell 400,000 vehicles for the full year, its CEO said.

(Image credit: CnEVPost)

Li Auto (NASDAQ: LI) CEO denied that the company raised its sales target to 400,000 units this year, after the reports sparked widespread discussion.

"A media report today that our target for this year has been adjusted to 400,000 units is false and unfounded," Li Auto founder, chairman and CEO Li Xiang said on Weibo today.

Li Auto finished the first half of the year with more than 130,000 units sold and does not have any ability to make the full year sales of 400,000 units, he said.

The company's capabilities, including product, sales, capacity and organization, cannot support 400,000 units sold this year, and the gap is huge, Li said.

"The automotive industry's capability chain is built one step at a time, with no particular shortcuts," he added.

In a report yesterday, local media outlet 36kr cited sources familiar with the matter as saying that Li Auto recently raised its full-year sales target to 400,000 units from the original 300,000.

In addition to the overall sales target, Li also set targets for sales of specific models, according to the report.

Li set a goal for the Li L7 to achieve 20,000 deliveries of a single model in October, and to keep deliveries of the more expensive Li L9 and Li L8 above 10,000 units, bringing overall deliveries to 40,000 units/month, the report said.

Earlier today, Li Auto said on Weibo that it had sold 27,300 units this month as of June 25 and was on track to reach its 30,000-unit monthly sales goal.

Assuming Li Auto sells 30,000 vehicles in June, the 400,000-unit full-year sales target means it will need to sell an average of about 44,000 units per month in the second half of the year.

On June 18, Li said on Weibo that most members of Li Auto's management team thought the company should set an annual sales target of 360,000 units at the beginning of the year, but he ultimately decided to set a budget target based on annual sales of 306,000 units.

"This was partly because I didn't think we could be too optimistic about the economic environment this year, and partly because we didn't meet our budget targets for all three years from 2020-2022," he said at the time.

Li said the too-low targets he set led the company to place orders at suppliers at the beginning of the year that were clearly not keeping up with current sales, so several key components would take more than a quarter to reach the right capacity if production ramp-up began now.

Separately, Li said in another Weibo today that the Li L7 is on track to deliver more than 13,000 units this month, although it faces an onslaught of new models in June including IM Motors' LS7, 's new ES6.

Sales of the Li L8 have risen from more than 7,000 last month to more than 9,000 this month, and the Li L9 has improved from slightly more than 6,000 last month to more than 8,000, he said.

In addition to deliveries that can exceed 30,000, Li Auto has seen record order in-takes, Li said, adding that capacity has become the biggest bottleneck in deliveries, not demand.

All three of Li Auto's SUVs currently on sale are extended-range electric vehicles (EREVs), which are essentially plug-in hybrids.

In retweeting Li Auto's Weibo today about last week's sales figures, Li hinted that the company could launch sedan models next.

The focus is generally on the sedan lineup as dealers of luxury brand fuel cars struggle to meet their first-half sales targets this week, so sedan sales for t first-tier luxury brands are very solid, he said.

"So, the question is, shall we launch sedan offerings?" He asked.

China NEV insurance registrations for week ending Jun 25: Tesla 16,700, Li Auto 7,500, Nio 3,200

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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 25: Tesla 16,700, Li Auto 7,500, Nio 3,200

sold 8,000 units between June 1 and June 25. Its previous guidance implied 10,187-12,187 vehicles would be delivered in June.

For the week of June 19 to June 25, (NASDAQ: LI) sold 7,500 units, continuing to lead among China's new car-making brands, the company said today on Weibo.

As of June 25, Li Auto has sold 27,300 units this month and is on track to reach its 30,000-unit monthly sales goal, it said.

Li Auto didn't explain what that weekly sales tally was based on, but apparently they are insurance registrations. The company had suspended sharing those numbers in May, but has since resumed sharing them.

Nio (NYSE: NIO) sold 3,200 units last week and 8,000 units from June 1 to June 25, according to figures shared by Li Auto.

Notably, June 22 to June 24 was a three-day Dragon Boat Festival holiday, and June 25 was a Sunday, but a working day after the holiday.

Nio's weekly sales have continued to grow over the past three weeks, as deliveries of new models began. It was 1,500 units in the week of June 5 to June 11 and 2,000 units in the week of June 12 to June 18.

Nio officially launched the new ES6 on May 24 and the ET5 Touring on June 15.

Deliveries of the new ES6 began on the night of the launch on May 24, and deliveries of the ET5 Touring began on June 16.

In addition to these two new models, Nio will also begin deliveries of the new ES8 on June 28, which was launched on Nio Day 2022 on December 24, 2022.

When Nio reported first-quarter earnings on June 9, it guided for second-quarter deliveries of between 23,000 and 25,000 vehicles, meaning it expects to deliver between 10,187 and 12,187 vehicles in June.

On June 20, Nio signed a share subscription agreement with Abu Dhabi-based investment firm CYVN Holdings, which will invest a total of about $1.1 billion in it.

(NASDAQ: TSLA) sold 16,700 units in China last week and 57,300 units from June 1 to June 25, according to figures shared by Li Auto.

In the two weeks prior to last week, Tesla sold 16,400 units and 14,500 units respectively in China.

From June 1 to June 25, Tesla was the top-selling premium brand in China, surpassing Mercedes-Benz's 52,100 units and above Audi's 51,600 units, according to a table by Li Auto.

On June 16, Tesla announced that Chinese consumers who purchase and take delivery of an already produced rear-wheel drive version of the Model 3 this month will receive an insurance subsidy of RMB 8,000 ($1,110).

(NYSE: XPEV) sold 2,600 units last week and 6,400 units from June 1 to June 25.

Xpeng began pre-sales of the G6 on June 9 at a price starting at RMB 225,000, significantly lower than the Tesla Model Y's starting price of RMB 263,900 in China.

The Xpeng G6 received more than 25,000 orders within 72 hours of the start of the pre-sale, the company announced on Weibo on June 12.

The G6 show cars were already available at Xpeng stores, and the model will officially go on sale June 29 with deliveries starting in July, the company said earlier this month.

Leapmotor sold 3,100 units last week and 10,600 units from June 1 to June 25.

On June 20, Leapmotor announced that it had reached 200,000 cumulative deliveries since its inception.

Leapmotor delivered 12,058 vehicles in May and had 192,962 cumulative deliveries by the end of May, according to data monitored by CnEVPost.

sold 2,600 units last week and 6,900 units between June 1 and June 25. It began deliveries of its third model, the Zeekr X, on June 12.

Denza sold 2,400 units last week, and 8,300 units from June 1 to June 25.

Denza, which currently has only the Denza D9 MPV on sale, will officially launch the Denza N7 on July 3, its first SUV since the rebranding last year.

The Denza N7 is aimed at the market for traditional internal combustion engine vehicles priced around 400,000 yuan, an executive said earlier.

sold 1,900 units last week and 6,700 between June 1 and June 25.

A total of 4,000 Neta EVs were shipped abroad, the latest new batch after 3,600 were sent to overseas markets in March, the company said on June 6.

Great Wall Motor's Wey brand sold 1,500 units last week and 5,000 units from June 1 to June 25.

Changan Automobile's NEV subsidiary Deepal sold 1,500 units last week and 4,900 units from June 1 to June 25.

-backed Aito sold 1,200 units last week, and 3,200 units from June 1 to June 25.

($1 = RMB 7.2181)

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China Electric eMobility eV Pony.ai Qingtian Truck Self-driving

Chinese self-driving truck startup sued by Pony reportedly winding down

Just 19 months old, Qingtian Truck is nearing a shutdown and employees have been dismissed, according to local media.

(Image from Qingtian Truck website)

A Chinese self-driving truck startup that was previously sued by Pony.ai is reportedly winding down, the latest setback seen in the space.

Just 19 months old, Qingtian Truck is nearing a shutdown, with employees having been displaced and its operating entity facing liquidation, according to a report by local media outlet Jiemian today.

Qingtian Truck's engineers have also been leaving the company, the report said, citing self-driving industry sources.

The company's registration information has not yet changed and its operating status remains intact, although its website has not been updated with company news since January, the report noted.

Qingtian Truck was founded in Beijing in November 2021 to work on self-driving truck technology.

It received an angel funding round of nearly $10 million from 5Y Capital, the only round it has disclosed, just two and a half months after its founding.

In August 2022, Pony.ai, a self-driving startup backed by Toyota Motor and Capital, sued Qingtian Truck and its key executives, Pan Zhenhao and Sun Youhan, alleging that the latter had infringed on Pony.ai's trade secrets.

Pan and Sun are two of the founders of Qingtian Truck and had worked for Pony.ai.

Pony.ai asked the court to order Qingtian Truck to stop infringing on its trade secrets and ask it to pay economic damages and expenses totaling RMB 60 million ($8.3 million).

In April, Qingtian Truck filed a countersuit against Pony.ai, claiming that the latter had abused its intellectual property rights and engaged in unfair competition.

In June, the two announced that they had reached a settlement, each withdrawing its lawsuit against the other.

It's unclear what the main reason is for the current woes facing Qingtian Truck, but investors appear to be increasingly cautious about the prospects for commercialization in the autonomous driving space at a time of slowing economic growth in China.

On May 15, Shanghai Securities News reported that e-commerce giant Alibaba's DAMO Academy is no longer retaining its autonomous driving business and team, which is being fully integrated into its logistics arm Cainiao.

This means that Alibaba's self-driving business is entering a whole new phase of moving from cutting-edge technology exploration in the lab to applications in real-world scenarios, the report noted.

($1 = RMB 7.2135)

Alibaba backtracks on autonomous driving R&D

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