IM LS7 to launch on February 10

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A few days ago, IM motors, the joint venture between SAIC and Alibaba announced that the IM LS7 will officially launch on February 10. The new car is equipped with zero-gravity seats, “smart flat-folding” co-pilot seats, and through-type vents to increase the vehicle’s lateral visual width. The 1955mm-long slide rail enables the layout of the two seats on the right side to be flexibly changed according to the needs of the occupants to meet different scenarios.

State Administration of Taxation: Promoting the consumption 

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On January 13, the Chinese State Administration of Taxation released the latest data. In 2022, a total of 87.9 billion RMB in new energy vehicle purchase tax will be exempted, a year-on-year increase of 92.6%. Shen Xinguo, Tax Service Department of the State Administration of Taxation, introduced that the next step is to ensure that a series of tax and fee support policies such as the vehicle purchase tax exemption policy are implemented in detail, support the development of new energy vehicles and other industries, and better serve the overall economic and social development.

NIO announces free battery replacement during CNY

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On January 13, Nio announced that from now until February 5, 346 expressway swap stations across China will provide unlimited free battery swap services to all Nio vehicles (except delivery vehicles). The high-speed service area will also continue to provide 24-hour service. In addition, Nio released the ‘2023 Spring Festival Travel Service Guarantee Plan’, providing a team of over 5,000 people to escort users during their Spring Festival travels.
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Spy photos of Leapmotor’s new mid and large SUVs exposed! 

Leapmotor announced plans to release new medium and large SUVs based on the company’s new B platform in the second half of this year. The vehicle will provide a 6/7-seat layout and is equipped with two types of batteries: extended range and pure electric power. Leapmotor is currently offering an invitation to tender for the technical transformation of the B11 production line into a paint shop area. The starting price of the tentatively named B11 is expected to be around 250,000 RMB ($34,500).

BYD "gnaws" the "hard bones" of the Indian market

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On January 15, 304 BYD electric heavy-duty trucks Q1R were shipped to the four ports of Adani Group in India. They are expected to arrive in February this year and will operate as port tractors. Adani Group will continue to place orders with BYD and put all 400 electric tractors into operation in 2023.