The Shenlan S7 is expected to be launched in late June at 169,900 RMB
Shenlan, the premium auto brand of Changan, has recently unveiled their highly anticipated second model, the S7. The S7 is set to be launched in late June, with deliveries starting right away. Positioned as a medium-sized SUV, the S7 offers consumers a wide array of options, including extended-range hybrid, pure electric, and hydrogen electric versions. With a competitive pre-sale price range of 169,900 to 239,900 RMB, the S7 presents an enticing choice for customers in search of environmentally-friendly and versatile transportation solutions.

Rising F7 delivered 2,301 units in May

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Feifan Motors, also known as Rising, recently announced that they delivered an impressive 2,301 units of the F7 in May. The average order value reached 252,400 RMB, with over 53% of users opting to purchase the car separate from the battery option. The Rising F7 lineup consists of five models, priced between 229,900 and 301,900 RMB. With the vehicle and battery separation option, the purchase threshold is further lowered to 145,900 RMB, enabling more accessibility for potential buyers. This strategy showcases Rising's commitment to providing affordable options and catering to the evolving preferences of their customers.

NIO ET5 Touring Edition will be launched on June 15
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Exciting news awaits as NIO prepares to launch the ET5 touring Edition in Germany on June 15th. The new car maintains the signature X-Bar style design on its front face, exuding a distinctive look. Adding to its allure, the car is equipped with a roof-mounted lidar system, while its frameless door design adds a touch of elegance to the side profile. With its advantageous size, the ET5 Touring Edition aims to outshine competitors like the Audi A4 Avant and Volvo V60. The starting price for the EV is estimated to be around 350,000 RMB. 
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Chinese New energy car companies enter insurance industry
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BYD recently finalized its acquisition of Yi'an P&C Insurance Co for a sum of 3.6 billion RMB, transforming it into a wholly-owned property insurance company. Following the acquisition, Yi'an P&C Insurance Co has been rebranded as Shenzhen BYD Property Insurance Co., Ltd. Industry experts suggest that BYD's foray into the insurance industry is primarily driven by the significant potential of the new energy auto insurance market. However, challenges remain, particularly in resolving design and rate-related issues inherent to this type of insurance. BYD is expected to focus on addressing these urgent matters as it explores opportunities within the insurance sector.
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May delivery volume of Hycan reach 3,132 unit, showing steady decline
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According to official reports from Hycan, the joint venture between GAC Group and Nio Inc, the total number of car deliveries in May amounted to 3,132 units, representing a 25.3% decrease compared to the previous month. Currently, Hycan offers a range of models for sale, including the compact SUV Z03, medium-sized SUV 007, and medium-sized car A06. Additionally, an eagerly awaited medium-to-large MPV, the V09, is set to be launched in the near future. 
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New energy vehicle purchase tax reduction policy to continue
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Chinese Premier Li Qiang chaired a State Council meeting to discuss policies for promoting high-quality development in the new energy automobile industry. The meeting emphasized the need to consolidate and expand new energy vehicle development advantages, optimize industrial layout, and enhance core technology research in power battery systems, new chassis architectures, and intelligent driving systems.

Tesla recalls Model Y following reports of steering wheel detachments​

Tesla recently issued a recall for 137 Model Y vehicles due to a potential safety concern regarding the steering wheel detachment. Tesla estimates that only 10% of the affected vehicles may have this issue. While no crashes or injuries have been reported as a result of this problem, Tesla has received some warranty claims related to the issue. The recall serves as a proactive measure by Tesla to address the potential risk and ensure the safety of its customers.

Audi activesphere concept car to debut in China on June 8
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According to Audi officials, the highly anticipated Audi Activesphere concept car will make its debut in China on June 8. This new vehicle is positioned as a four-door crossover coupe, featuring an elegant body design that caters to various travel modes. The EV’s drive and suspension systems are engineered to perform excellently on both road and off-road terrains. Furthermore, the car is built on the PPE luxury pure electric platform, providing a remarkable range of over 600 kilometers on a single charge. The Audi Activesphere concept car promises a combination of style, versatility, and impressive electric performance.

​BYD to increase vehicle maintenance prices by up to 50%

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.

​CPCA report 670,000 NEV sales volume in May, YOY increase of 59%

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Recently, the China Passenger Car Association (CPCA) released the wholesale sales volume report for new energy passenger vehicle manufacturers in May 2023. The wholesale sales of new energy passenger vehicles in May reached approximately 670,000 units, showing an 11% month-on-month increase and a 59% year-on-year increase. It is projected that from January to May, the wholesale sales of new energy passenger vehicles by domestic manufacturers nationwide will reach 2.78 million units, reflecting a 46% year-on-year growth.