Category: Electric

Xpeng delivers 8,620 vehicles in Jun, Q2 deliveries exceed guidance range

delivered 8,620 vehicles in June, up 14.84 percent from May and the fifth straight month of sequential growth. First deliveries of the G6 will begin later this month.

Xpeng (NYSE: XPEV) deliveries continued to improve modestly ahead of the start of deliveries of the new SUV G6.

The electric vehicle (EV) maker delivered 8,620 vehicles in June, up 14.84 percent from May and its fifth straight month of improvements sequentially, despite a 43.64 percent decline from a year ago, data released today showed.

Deliveries of Xpeng's flagship sedan P7 series rose 17 percent in June from the previous month, it said, without disclosing specific figures.

The company delivered 23,205 vehicles in the second quarter, up 27.29 percent from the first quarter but down 32.59 percent from the previous year.

The second-quarter deliveries were above the upper end of Xpeng's previous guidance range of 21,000 to 22,000 vehicles. It guided for second quarter revenue of between RMB 4.5 billion ($620 million) and RMB 4.7 billion.

In the first half of the year, Xpeng delivered 41,435 vehicles, a 39.93 percent decrease from 68,983 vehicles in the same period last year.

As of June 30, Xpeng's cumulative deliveries since inception were 300,145 vehicles, surpassing the 300,000 mark, data monitored by CnEVPost showed.

Xpeng launched its new SUV, the G6, in China on June 29 at a price significantly lower than its main competitor, the (NASDAQ: TSLA) Model Y.

The company is offering five versions of the G6 with starting prices of RMB 209,900, RMB 229,900, RMB 234,900, RMB 254,900 and RMB 276,900, respectively.

The starting price is RMB 15,100 lower than Xpeng's G6 pre-sale starting price of RMB 225,000 announced on June 9, and RMB 54,000 lower than the Model Y's starting price of RMB 263,900 in China.

Xpeng chairman and CEO He Xiaopeng said at the G6 launch event that the G6 had more than 35,000 pre-sale orders as of June 28 since pre-sale began on June 9.

(Image credit: CnEVPost)

The G6 is expected to become the top-selling smart electric SUV priced at the RMB 250,000 level in China within two months, he said.

In an interview with local media on June 30, Mr. He said the monthly sales target for the G6 is at least 10,000 units.

Initial deliveries of the G6 are set to begin this month, and display vehicles have arrived at showrooms nationwide and are ready for test drives, Xpeng said today.

Xpeng's ADAS feature, XNGP, will be available immediately upon delivery of all G6 Max versions, it said, adding that it plans to roll out its "AI Valet Driver" feature for all XNGP-equipped vehicles beginning in the fourth quarter.

The "AI Valet Driver" mode allows users to customize smart driving routes to their preferences in multiple Chinese cities, making driving in everyday driving scenarios safer and more efficient, the company said.

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Xpeng targets G6 monthly sales of over 10,000

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Tesla offers up to $6,200 discounts for Model S and Model X in China

is offering discounts of RMB 35,000 to RMB 45,000 in China for the full lineup of Model S and Model X, which saw deliveries in the country begin at the end of March.

(Image from Tesla Weibo)

Tesla (NASDAQ: TSLA) is offering big discounts in China for its two higher-priced models that aren't made locally, likely in part because sales of those vehicles being imported to China are performing below expectations.

The US electric vehicle (EV) maker today announced what it calls an inventory car purchase incentive for the Model S and Model X on Weibo, with discounts of up to 45,000 yuan ($6,200), even though the prices for both models remain unchanged on Tesla's website.

Prices start at RMB 773,900 for the dual-motor all-wheel drive Model S and RMB 988,900 for the tri-motor all-wheel drive Model S Plaid, as per Tesla's published discounted prices.

Compared to the prices displayed on the Tesla China website of RMB 808,900 and RMB 1,028,900, these two versions of the Model S offer discounts of RMB 35,000 and RMB 40,000 respectively.

The discounted prices start at RMB 863,900 for the Model X dual motor AWD version and RMB 1,013,900 for the Model X Plaid tri-motor AWD version.

This is RMB 35,000 and RMB 45,000 lower than the RMB 898,900 and RMB 1,058,900, respectively, displayed on Tesla's China website.

In addition to these cash offers, Tesla is also encouraging owners to refer friends to purchase the two models.

If a customer purchases the Model S and Model X on the recommendation of someone else, they will receive an additional RMB 7,000 bonus, free Supercharging benefits for 3 or 6 years, and 90 days of free Enhanced Autopilot (EAP) access. The referrer will then receive 48,000 bonus points that can be redeemed for Supercharging miles.

On January 6, Tesla announced the prices of the Model S and Model X in China at the same time as it significantly reduced the prices of the locally produced Model 3 and Model Y.

At that time, the starting price of Model S was RMB 789,900 and Model S Plaid was RMB 1,009,900. Model X started at RMB 879,900 and Model X Plaid was 1,039,900.

On February 28, six new Tesla Model S and Model X entered Chinese customs, the first time these two models were imported into China. In mid-March, a new batch of 867 new Tesla Model S and Model X vehicles were imported into China.

On March 27, Tesla announced that deliveries of the new Model S and Model X in China officially began.

On May 5, the prices of the full line of both the new Model S and Model X models in China were raised by RMB 19,000. Since then, the prices of both models in China have remained unchanged.

Tesla has a factory in Shanghai that produces the Model 3 and Model Y. The factory delivered 77,695 vehicles in May, including 42,508 in China and 35,187 for export, according to the China Passenger Car Association (CPCA).

The Model Y sold 31,054 units at retail in China in May and was the best-selling SUV for the month, according to a ranking by the CPCA.

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Tesla starts offering insurance subsidies for car purchases in China again

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GAC Aion sells 45,013 vehicles in Jun, 4th straight month over 40,000

The Hyper GT, the second model of 's Hyper brand, will be launched on July 3.

GAC Aion, the electric vehicle (EV) subsidiary of GAC Group, sold a record 45,013 vehicles in June, the fourth consecutive month above the 40,000 mark, according to figures released today.

That's up 86.71 percent from 24,109 units a year ago and basically flat from 45,003 units in May.

In the second quarter, GAC Aion sold 131,028 vehicles, up 136.61 percent from a year ago and up 63.16 percent from the first quarter.

It sold 211,336 units in the first half of the year, up 110.81 percent from 100,251 units in the same period last year.

The Hyper GT, the second model of GAC Aion's Hyper brand, will be launched on July 3, it said today.

The Hyper GT is a mid-to-large-size coupe that was originally unveiled at the Guangzhou auto show late last year. It measures 4,880 mm in length, 1,885 mm in width and 1,455 mm in height, and has a wheelbase of 2,910 mm.

It has a wind resistance coefficient of 0.19 Cd, the lowest of any production car in the world, GAC Aion previously claimed.

The previous production car with the lowest drag coefficient was the EQS sedan announced by Mercedes-Benz in 2021, with a drag coefficient of just 0.20 Cd.

On April 16, GAC Aion began pre-sales of the Hyper GT with a price range of RMB 219,900 ($30,320) to RMB 339,900.

Consumers can purchase the car using a battery rental model similar to , which reduces the price of the car by RMB 70,000 and requires a monthly rental fee of RMB 980.

On September 15, 2022 GAC Aion announced its new premium brand Hyper to enter the higher end of the market, with the first model being a supercar, the Hyper SSR.

GAC Aion is offering two versions of the Hyper SSR, with a pre-sale price of RMB 1,286,000 for the regular version, capable of accelerating from 0 to 100 km/h in 2.3 seconds.

The other version, Hyper SSR Ultimate, is priced at RMB 1,686,000 and can accelerate from 0 to 100 km/h in 1.9 seconds.

The model, the fastest accelerating car on the planet, will begin mass production and delivery in October 2023, GAC Aion said at the time.

($1 = RMB 7.2523)

GAC Aion sales in Jun: 45,013

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Nio adds 30 new stores, 224 charging and swap stations in Jun

As of June 30, had 125 Nio Houses and 271 Nio Spaces worldwide.

(Image credit: Nio)

Nio (NYSE: NIO) ramped up its offline store and charging facilities in June.

The company added 30 stores in June, including seven Nio Houses, 10 Nio Spaces, 11 service centers and two delivery centers, according to information it announced today.

The seven Nio Houses include five in China and two overseas.

As of June 30, Nio had 125 Nio Houses worldwide, including 119 in China and 6 overseas.

Nio's showrooms include the flagship Nio Houses as well as the smaller Nio Spaces. The former is a space where Nio gives owners a quality lifestyle, in addition to displaying vehicles and selling them.

The company's 10 new Nio Spaces added in June include eight in China and two overseas. The total number of the facility now stands at 271 globally, including 263 in China and eight overseas.

In June, Nio added 11 new service centers, including four in China and seven overseas. This brings the total number of the facility to 307, including 258 in China and 49 overseas.

The two new Nio delivery centers added in June are all located in China.

Nio also added 97 battery swap stations in June, including 95 in China and 2 overseas.

As of June 30, Nio had 1,561 battery swap stations worldwide, with 1,543 in China and 18 overseas.

Nio also added 127 charging stations in June, including 79 supercharging stations and 48 destination charging stations.

As of June 30, Nio had 2,775 charging stations, with 2,767 in China and 8 overseas.

Nio's charging map had access to 125,750 new third-party charging piles in June, including more than 100,000 added overseas.

Nio's charging map now has access to more than 1,240,000 third-party charging piles, including more than 500,000 overseas.

Nio puts 29 swap stations into operation, most ever in single day

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Nio starts to get cells from WeLion, as deliveries of 150-kWh batteries set to begin in Jul

WeLion officially began delivery of the battery cells to , submitted a warranty commitment and the two companies signed an annual order.

(Image credit: WeLion)

Nio's (NYSE: NIO) semi-solid-state battery supplier began delivering high-energy-density cells to it as the Chinese electric vehicle (EV) maker is set to begin delivering them to vehicle owners later this month.

Beijing WeLion New Energy Technology began delivering 360 Wh/kg Li-ion cells to Nio on June 30, holding a delivery ceremony in Huzhou, Zhejiang province, where its manufacturing facility is located.

WeLion executive vice president Xiang Jin formally delivered the battery cells to Nio senior vice president Zeng Shuxiang and submitted a warranty commitment, and the two sides signed an annual order, a press release from the battery maker said today, without disclosing the amount of the order.

The delivery of the battery cells to Nio is an industry-wide milestone event, the result of more than two years of joint team efforts between Nio and WeLion, WeLion chairman Yu Huigen said at the delivery ceremony.

Yu also expressed his gratitude to the Huzhou city government for the smooth start-up of WeLion's phase I plant in the city.

The delivery of this Li-ion battery cell is good news for all Nio owners, who can continue to enjoy the benifits of the battery upgrade, said Nio battery systems vice president Zeng Shizhe.

"Today's delivery is just one small step in the growth of WeLion and Nio together, and hopefully this small step will lead to a big leap in technology for the whole industry," he said.

WeLion also announced at the delivery ceremony that it has officially opened the company's R&D center for Yangtze River Delta in Huzhou.

WeLion is headquartered in Beijing and has four production sites in Fangshan, Beijing; Liyang, Jiangsu; Huzhou, Zhejiang; and Zibo, Shandong, according to its press release.

Of those, the Huzhou site is WeLion's automotive power battery production base, it said, without disclosing details of the other production sites.

Nio unveiled the 150-kWh semi-solid-state battery when it launched its flagship sedan, the Nio ET7, at the Nio Day 2020 event on January 9, 2021.

After that, the battery's delivery schedule was delayed several times, and Nio filed for the use of the pack in its models in early May of this year.

With WeLion's batteries, Nio's vehicles will weigh just 20 kg more than before, according to regulatory filings at the time.

On May 24, at the launch of the new ES6, William Li, founder, chairman and CEO of Nio, announced that the 150-kWh semi-solid-state battery pack will be available in July.

The new Nio ES6 can get a range of 930 km when equipped with the 150-kWh pack, he said at the time.

It is worth noting that this battery pack is currently very costly because it uses the latest technology.

The 150-kWh pack costs about the same as an ET5 sedan, Nio co-founder and president Qin Lihong said at a face-to-face event in Changzhou, Jiangsu province on February 11. The ET5 currently starts at 298,000 yuan ($41,090).

Nio owners will be able to start experiencing the 150-kWh battery pack during the summer, which will initially be available for rent only, with a buyout option available in the future, Qin said at the time.

On November 22, 2022, WeLion saw the first solid-state cell roll off the line at its battery production facility in Huzhou.

WeLion began construction of its Huzhou battery site in 2021 and completed construction of the plant and production line after a year, said Tian Qiyou, general manager of the company's Huzhou branch at the time.

($1 = RMB 7.2523)

NIO files to use semi-solid-state batteries in its vehicles

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Li Auto delivers record 32,575 vehicles in Jun, aims for 40,000 monthly deliveries in Q4

For the third quarter, targets monthly deliveries for Li L8 and Li L9 at over 10,000 each and aspire to achieve 15,000 Li L7 monthly deliveries.

Li Auto (NASDAQ: LI) delivered a record 32,575 vehicles in June, the first time it surpassed the 30,000 mark, according to data it released today.

That's up 150.12 percent from 13,024 vehicles in the same month last year and up 15.20 percent from 28,277 vehicles in May.

In the second quarter, Li Auto delivered 86,533 vehicles, up 201.65 percent year-on-year and up 64.56 percent from the first quarter.

Deliveries for the second quarter exceeded the upper end of the guidance range it previously provided of 76,000 to 81,000 units. The company previously provided second-quarter revenue guidance of between RMB 24.22 billion yuan ($3.34 billion) and 25.86 billion yuan.

In the first half of the year, Li Auto delivered 139,117 vehicles, up 130.31 percent year-on-year, surpassing last year's full-year deliveries of 133,246.

As of June 30, cumulative deliveries since Li Auto's inception stood at 396,451 vehicles, according to data monitored by CnEVPost.

"Benefiting from the comprehensive enhancement of our organizational processes and operating capabilities, our monthly deliveries exceeded 30,000 for the first time, making Li Auto currently the only Chinese premium brand to achieve this milestone," Li Xiang, founder, chairman and CEO of Li Auto, said.

"For the third quarter, we target monthly deliveries for Li L8 and Li L9 at over 10,000 each and aspire to achieve 15,000 Li L7 monthly deliveries," he added.

In addition, in the fourth quarter, Li Auto will challenge itself to achieve the 40,000-unit monthly delivery mark, Li said.

Li Auto is currently selling all extended-range electric vehicles (EREVs), essentially plug-in hybrids, including the five-seat Li L7 and the six-seat Li L8 and Li L9.

The company said it expects to launch its super flagship 5C BEV model, the Li MEGA, in the fourth quarter and believes it will be a new sales blockbuster in the RMB 500,000 and above price segment.

Li Auto unveiled the Li MEGA name at its first Family Tech Day event on June 17, saying the model would break the conventional perception that high-end pure electric vehicles cannot be hot sellers.

"We are confident that it will be the No. 1 seller of all passenger cars priced at 500,000 yuan or more, regardless of energy form and regardless of body form," the company said at the time.

The Li MEGA will be Li Auto's first foray into the BEV market, and it will be an MPV (multi-purpose vehicle) model, according to information it previously shared.

By 2025, Li Auto's product array will include a super flagship model, five EREVs, and five BEVs, it said on the first day of the Shanghai auto show on April 18.

By then, Li Auto's models for the market priced above RMB 200,000 will fully meet the needs of family users, the company previously said.

Li Auto aims to be the No. 1 seller in the Chinese market for passenger cars priced above 200,000 yuan, with annual deliveries reaching 1.6 million units by 2025, Li re-emphasized in a presentation yesterday to celebrate the company's eighth anniversary.

As of June 30, the company had 331 retail stores in 127 cities, as well as 323 service centers and Li Auto-authorized body and paint stores operating in 223 cities.

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Li Auto deliveries in Jun: 32,575

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