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It was recently announced that the new Volkswagen Transporter T7 will debut at the 2024 International Transport Exhibition in Germany on September 17. Pre-orders for the vehicle have already begun in Germany, with a starting price of 36,780 euros. The Transporter T7 is expected to be available overseas in the first quarter of 2025
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According to global media reports, Hyundai is actively launching a new affordable all-electric microcar, the Inster. Featuring an SUV body design, the Inster aims to compete fiercely with numerous affordable models in the European market, effectively countering the influx of low-cost Chinese electric vehicles. Hyundai promises that the Inster will be priced under 25,000 euros in Europe.
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Official sources indicate that Leapmotor delivered 20,116 vehicles in June, breaking the 20,000-unit mark for the first time in a single month, with a year-on-year increase of 52.3% and a month-on-month increase of 10.7%. The Leapmotor C16 received 5,208 orders within 48 hours of its launch. Among the 20,116 vehicles delivered, over 11,300 were Leapmotor C10 and C11 models, with more than half being SUVs.
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NIO delivered 21,209 vehicles in June, achieving a year-on-year increase of 98% and setting a new record. For the second quarter of 2024, NIO delivered 57,373 vehicles, marking a 143.9% increase year-on-year. In the first half of 2024, NIO delivered a total of 87,426 vehicles, a 60.2% increase year-on-year, bringing its cumulative deliveries to 537,020 vehicles.
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XPeng announced the delivery of 10,668 vehicles in June, representing a 24% year-on-year increase and a 5% month-on-month increase. Among these, the XPeng X9 model accounted for 1,687 units, with a cumulative delivery of 13,143 units in the six months since its launch. From January to June 2024, XPeng delivered a total of 52,028 vehicles, a 26% year-on-year increase.
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Li Auto delivered 47,774 vehicles in June 2024, marking a 46.7% year-on-year increase. The cumulative deliveries for the second quarter of 2024 reached 108,581 vehicles, a 25.5% year-on-year increase. As of June 30, 2024, Li Auto's cumulative deliveries totaled 822,345 vehicles, ranking first in cumulative deliveries among new power brands in China.
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According to official sources, SAIC Volkswagen's ID. family delivered 10,572 new vehicles in June, marking a 170% year-on-year increase, making it the top-selling joint venture brand in the first half of the year. From January to June, cumulative sales reached 61,051 vehicles, a 148% year-on-year increase, securing the top spot among joint venture brands.
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GAC Aion's Thailand Smart Eco Factory is set for completion in mid-July, coinciding with the global launch of the second-generation AION V. As GAC Aion's first overseas plant, the factory incorporates the same advanced technology as the world's only new energy lighthouse factory, establishing a new standard in digital and intelligent manufacturing. This state-of-the-art facility will utilize cutting-edge technologies and processes to produce new energy products, including electric vehicles (EVs), batteries, and other renewable energy solutions.
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Recently, global media reported that Porsche may discontinue production of the current Porsche 718 fuel version in October 2025, transitioning to an electrified model. The brand new all-electric 718 series is expected to debut around the end of 2024 and will be launched internationally in 2025.
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Recently, BMW officially launched the all-new BMW X3 globally. The new model, codenamed G45, is built on the CLAR platform and adopts BMW's new design language for the electrification era, while remaining positioned as a mid-sized SUV. The global version will be produced at BMW's Spartanburg plant in the U.S. and the Rosslyn plant in South Africa. The new car will be available in the U.S. and Europe by the end of 2024 and globally in 2025.
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According to Yonhap News Agency, the Korea Automobile Manufacturers Association (KAMA) stated that thanks to strong demand for eco-friendly models and SUVs, South Korea's automobile export value in 2024 is expected to increase by 5.4% year-on-year to 74.7 billion USD, a record high. If the export value of auto parts is included, the total is expected to reach 98 billion USD.
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According to global media reports, BYD's first Southeast Asian factory in Rayong, Thailand, was officially completed and began production on July 4. The factory has an annual production capacity of 150,000 cars, which will meet local demand and focus on exporting vehicles to Southeast Asia and Europe.
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According to preliminary data released by the China Passenger Car Association, the delivery volume of Tesla's domestically produced Model 3 and Model Y in China fell to 71,007 units last month, representing a year-on-year decline of 24.2% and a month-on-month decrease of 2.2%. This marks the fourth sales drop for the company's domestically produced cars (including domestic sales and exports) this year. The intense price war in the Chinese market and the slowing consumer demand for Tesla are likely major factors.
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