After 200,000+ units sold the Li ONE will officially cease sales on June 9
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In a significant update, Li Auto's official website confirmed the closure of the order channel for the Li ONE, marking the official discontinuation of the vehicle. As the Li ONE steps aside, the L8 emerges as the successor and takes center stage in Li Auto's future production and sales endeavors. This strategic shift signifies Li Auto's commitment to advancing their product lineup and addressing evolving market demands. The company's attention now shifts towards the L8, as they strive to deliver innovative solutions and maintain their position at the forefront of the automotive industry.
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Kia prepares for EV6 launch: Blind orders in June
In a recent announcement, Kia revealed its plans for the EV6, the brand's first pure electric vehicle based on the E-GMP platform. Blind orders for the EV6 will open in June, with the official launch scheduled to take place at the Chengdu Auto Show in August. Positioned as a compact hatchback pure electric car, the EV6 benefits from the E-GMP platform's comprehensive vehicle structure optimization, resulting in enhanced driving dynamics and safety performance. Kia's foray into the electric vehicle market with the EV6 showcases their commitment to delivering cutting-edge technology and innovation to customers.
IM LS7 Entry Edition to be released on June 12
Official sources have confirmed that IM LS7 will unveil two new models on June 12. Notably, the previous entry-level model featured a 90kWh battery, with the battery and vehicle sold separately at a reduced price of 239,800 RMB. This move has sparked speculation that the newly introduced entry-level model, equipped with a lower-capacity battery, will experience a further price drop to 229,800 RMB. These potential price adjustments demonstrate IM LS7's dedication to providing more accessible options for customers, widening the appeal of their state-of-the-art electric vehicles and making them even more enticing in the market.
XPeng G6 coupe SUV pre-sale tomorrow from 229,900-309,900 RMB
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Recently, the pricing details of the XPeng G6 pure electric coupe SUV were disclosed. The highly anticipated vehicle will offer four different models, all built on the advanced Smart Electric Platform Architecture (SEPA) 2.0 Fuyao architecture. The lineup will include two versions: single motor and dual motor. With an estimated sales price ranging from 229,900 to 309,900 RMB, the XPeng G6 combines elegance and performance. Excitingly, pre-sales for this remarkable electric SUV will commence on June 9, inviting enthusiasts to be among the first to experience the future of driving.
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Tesla in talks to establish manufacturing facility in Spain, at €4.5 billion
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In recent news reported by Reuters, Tesla is currently in negotiations with the Valencia regional government of Spain to establish a local car manufacturing facility. As a sign of the seriousness of these discussions, Tesla has entered into a confidentiality agreement with the Valencia government. The proposed investment for this ambitious project exceeds 4.5 billion euros, indicating Tesla's strong commitment to expanding its operations. While the regional government of Valencia has chosen not to divulge further details, citing the confidentiality of the negotiations, this potential collaboration holds immense potential for economic growth and development in the region.
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Neta Auto officially launches on the Jordanian market
In recent days, Neta Auto successfully entered the Jordanian market, introducing the Neta U and Neta V models, which have already been launched and delivered in the country. A strategic signing conference was held between Neta Auto and Tahboub Automobile, solidifying their partnership in vehicle sales and after-sales service. This collaboration aims to expedite the growth of the global new energy automobile industry, bringing forth innovative advancements in the market.
Tesla's lawsuit against Pingwest (Pinwan) upheld
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Recently, Tesla announced on Chinese social media that the second-instance verdict has been reached in Tesla's lawsuit against Pingwest, a Chinese tech media outlet, for reputation infringement. The court has rejected Pingwest's appeal and upheld the original judgment, which requires Pingwest to issue a public apology and provide compensation to Tesla as a final resolution.
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NIO faces challenges as vehicle price drops below 300,000 RMB
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In the first quarter of this year, NIO achieved the delivery of 31,041 new vehicles, generating automotive sales revenue totaling RMB 9.2245 billion. However, with the average selling price per vehicle falling below RMB 300,000, the company incurred a significant net loss of RMB 4.7395 billion. This equates to a loss of over 150,000 RMB per vehicle sold. Considering the current rate of losses, NIO may face the risk of potential bankruptcy within a two-year timeframe.
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Automobile production and sales volumes show steady
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Recently, BYD announced a price increase in the maintenance services for certain models. The extent of the increase varies across different models, with some experiencing a substantial rise. The adjustment signifies a notable change in the maintenance costs for BYD vehicle owners.
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ZEEKR X officially starts delivery, selling for 189,800-209,800 RMB
ZEEKR recently made an official announcement stating that the ZEEKR X will begin deliveries in 25 cities across China. Positioned as a compact pure electric SUV, the ZEEKR X is the third model introduced by ZEEKR, with prices ranging from 189,800 to 209,800 RMB. Built on GEELY's Sustainable Experience Architecture (SEA), the vehicle offers both single-motor and dual-motor options. Notably, it boasts an impressive acceleration time of 0-100km/h in just 3.7 seconds.