Tesla's next-gen Model 3: Unveiling in July, production in September
Recent reports indicate that the new Tesla Model 3 will be officially unveiled in July, followed by production commencing in September, with mass deliveries set to commence in 2024. The new model showcases sleeker design elements, featuring slender headlights and is expected to introduce a brand-new matrix-style LED lighting system. Equipped with the advanced HW4.0 hardware system, the vehicle also incorporates a front-facing camera, ingeniously integrated into the front bumper.

Denza N7 Performance SUV, Set to Launch on July 3rd"

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Today, official sources confirmed that the Denza N7, positioned as an intelligent luxury performance SUV, will be officially launched on July 3rd. Earlier, on June 20th, the first batch of production vehicles for the Denza N7 successfully rolled off the assembly line. In terms of pure electric range, the N7 has currently only declared a 91.392kWh battery pack, providing CLTC ranges of 702km and 630km, respectively.

China set to become the largest global automotive exporter

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Industry experts predict that China's automotive exports will surpass 4 million vehicles this year, making it the world's top automotive exporting nation. However, to further strengthen its position, the focus should not only be on increasing the overall export volume of domestic automotive products but also on enhancing the level of localization in overseas operations by automakers. This will propel China from being a major automotive nation to an automotive superpower, solidifying its status in the global automotive industry.
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China's  market relies on older generation and female consumers ​

In a recent statement, Cui Dongshu, the Secretary-General of the China Passenger Car Association, analyzed the purchasing power of different consumer groups. He expressed concern that the younger generation, known as Generation Z, lacks the financial capacity to support the Chinese automotive market due to limited population and weaker purchasing power. The Secretary-General emphasized the need to rely on the older generation and female consumer groups for growth, particularly through replacement purchases, upgrades, and expanding family ownership.
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BYD Celebrates milestone with one million Han and Tang models sold

Recently, BYD held the "One Million Han and Tang, Together with You" event at its headquarters in Shenzhen, China, commemorating the achievement of selling one million units of the Han and Tang models. As of May, the combined sales of the BYD Han and Tang models have officially surpassed the one million mark, marking a significant milestone for the company.
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Ford plans new round of layoffs to address cost control issues

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According to global media reports, Ford Motor Company is reportedly planning a new round of layoffs that are expected to impact its engine division, electric vehicle division, and software department. Ford CEO Jim Farley explained that the layoffs are a result of poor cost control within the company, and this move aims to streamline the structure and reduce operational costs. The layoffs are part of Ford's efforts to address financial challenges and improve overall efficiency.

New Toyota C-HR unveiled with refreshed design 

Recently, official images of the all-new Toyota C-HR were released. The new vehicle showcases a completely refreshed design language, featuring a more stylish and sporty overall appearance. Additionally, it will also offer a GR Sport package variant. Inside, the C-HR is equipped with a 12.3-inch full digital instrument cluster and a floating 12.3-inch infotainment screen. In terms of powertrain options, customers can choose between traditional fuel-powered engines and plug-in hybrid technology. The new Toyota C-HR aims to deliver a blend of modern aesthetics and advanced technology to enhance the user’s experience ​

Tesla's Shanghai Gigafactory begins supplying North American market
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According to global media reports, Tesla's Shanghai Gigafactory has started supplying the North American market. Chinese-manufactured Tesla Model 3 and Model Y are now available for sale in Canada, with immediate delivery of rear-wheel drive Model Y and long-range all-wheel drive Model 3 in British Columbia.
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Xiaomi clarifies: Xiaomi car price not yet determined

Recently, there has been a lively discussion about the news regarding "Xiaomi Car starting at RMB 149,900." However, Wang Hua, general manager of Xiaomi Group's public relations department, has clarified the situation, stating that the Xiaomi Car will be launched next year, and it is currently not possible to determine the price.