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EU governments showed divided views on proposed tariffs for China-built EV imports, with 12 members supporting, 4 opposing, and 11 abstaining in a non-binding vote. The European Commission, aiming to counter alleged subsidies, will consider this input before a binding vote. Concerns include trade war risks and impacts on EU automakers.
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Recently, Li Auto announced that its L6 model surpassed 50,000 deliveries in less than three months following its launch. Additionally, the company has offered an incentive, stating that customers who order the Li L6 by midnight on July 31 will receive limited-time benefits worth $1,375.
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Recently, NIO officially launched its 50th battery swap station in Europe, located in Oslo, Norway. To date, NIO has established 50 battery swap stations and 19 charging stations across five European countries: Norway, Germany, Denmark, Sweden, and the Netherlands, connecting to over 600,000 third-party charging stations.
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Ferrari CEO Benedetto Vigna revealed that the company's inaugural all-electric model has successfully completed thousands of kilometers of road testing. He assured that the vehicle will be constructed "the right way" to guarantee owners a highly enjoyable experience. Vigna confirmed that the vehicle is set to debut at the end of 2025, with sales expected to commence in 2026.
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Recently, Alan Estevez, the Head of Export Controls at the U.S. Department of Commerce, announced that the Department intends to release proposed regulations on connected cars in August, which are expected to include restrictions on certain software produced by China and other competitor nations. This statement by Estevez offers the clearest insight yet into the U.S. government's strategy regarding Chinese automotive technology.
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Today, Zeekr announced through its official channel that the right-hand drive version of the Zeekr X has been launched and globally debuted in the Thai market. Two models have been introduced: the standard version, priced at 1,199,000 baht (approximately $33,012), and the flagship version, priced at 1,349,000 baht (approximately $37,138). Both models are available in five different colors.
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Recently, in an interview with CNBC, General Motors CEO Mary Barra stated that the company's goal of achieving an annual production capacity of one million pure electric vehicles in North America by the end of 2025 has become uncertain. As a result, General Motors will no longer reiterate its 2025 electric vehicle capacity plan and will adjust its EV plans flexibly according to demand.
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According to global media reports, new data released by the research institution Recurrent Auto indicates that despite recent news of a slowdown in U.S. electric vehicle sales, EVs clearly remain the direction for future development in the U.S. and are expected to achieve a penetration rate of 50%. The report also predicts that by the end of 2025, the U.S. will enter the "mass adoption stage" of electric vehicles, with the penetration rate potentially reaching 15%.
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Recently, AlixPartners predicted that by 2030, only 1/7 of Chinese electric vehicle brands would be profitable, with only 19 out of the current 137 operating brands expected to be in a profitable state. The agency stated that the two-year price war in the Chinese market has significantly weakened the profit margins of some weaker companies, forcing some to face bankruptcy. This brutal price war is likely to continue for some time with no sign of stopping.
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