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Nio sold 8,000 units between June 1 and June 25. Its previous guidance implied 10,187-12,187 vehicles would be delivered in June.
For the week of June 19 to June 25, Li Auto (NASDAQ: LI) sold 7,500 units, continuing to lead among China's new car-making brands, the company said today on Weibo.
As of June 25, Li Auto has sold 27,300 units this month and is on track to reach its 30,000-unit monthly sales goal, it said.
Li Auto didn't explain what that weekly sales tally was based on, but apparently they are insurance registrations. The company had suspended sharing those numbers in May, but has since resumed sharing them.
Nio (NYSE: NIO) sold 3,200 units last week and 8,000 units from June 1 to June 25, according to figures shared by Li Auto.
Notably, June 22 to June 24 was a three-day Dragon Boat Festival holiday, and June 25 was a Sunday, but a working day after the holiday.
Nio's weekly sales have continued to grow over the past three weeks, as deliveries of new models began. It was 1,500 units in the week of June 5 to June 11 and 2,000 units in the week of June 12 to June 18.
Nio officially launched the new ES6 on May 24 and the ET5 Touring on June 15.
Deliveries of the new ES6 began on the night of the launch on May 24, and deliveries of the ET5 Touring began on June 16.
In addition to these two new models, Nio will also begin deliveries of the new ES8 on June 28, which was launched on Nio Day 2022 on December 24, 2022.
When Nio reported first-quarter earnings on June 9, it guided for second-quarter deliveries of between 23,000 and 25,000 vehicles, meaning it expects to deliver between 10,187 and 12,187 vehicles in June.
On June 20, Nio signed a share subscription agreement with Abu Dhabi-based investment firm CYVN Holdings, which will invest a total of about $1.1 billion in it.
Tesla (NASDAQ: TSLA) sold 16,700 units in China last week and 57,300 units from June 1 to June 25, according to figures shared by Li Auto.
In the two weeks prior to last week, Tesla sold 16,400 units and 14,500 units respectively in China.
From June 1 to June 25, Tesla was the top-selling premium brand in China, surpassing Mercedes-Benz's 52,100 units and above Audi's 51,600 units, according to a table by Li Auto.
On June 16, Tesla announced that Chinese consumers who purchase and take delivery of an already produced rear-wheel drive version of the Model 3 this month will receive an insurance subsidy of RMB 8,000 ($1,110).
Xpeng (NYSE: XPEV) sold 2,600 units last week and 6,400 units from June 1 to June 25.
Xpeng began pre-sales of the G6 on June 9 at a price starting at RMB 225,000, significantly lower than the Tesla Model Y's starting price of RMB 263,900 in China.
The Xpeng G6 received more than 25,000 orders within 72 hours of the start of the pre-sale, the company announced on Weibo on June 12.
The G6 show cars were already available at Xpeng stores, and the model will officially go on sale June 29 with deliveries starting in July, the company said earlier this month.
Leapmotor sold 3,100 units last week and 10,600 units from June 1 to June 25.
On June 20, Leapmotor announced that it had reached 200,000 cumulative deliveries since its inception.
Leapmotor delivered 12,058 vehicles in May and had 192,962 cumulative deliveries by the end of May, according to data monitored by CnEVPost.
Zeekr sold 2,600 units last week and 6,900 units between June 1 and June 25. It began deliveries of its third model, the Zeekr X, on June 12.
Denza sold 2,400 units last week, and 8,300 units from June 1 to June 25.
Denza, which currently has only the Denza D9 MPV on sale, will officially launch the Denza N7 on July 3, its first SUV since the rebranding last year.
The Denza N7 is aimed at the market for traditional internal combustion engine vehicles priced around 400,000 yuan, an executive said earlier.
Neta sold 1,900 units last week and 6,700 between June 1 and June 25.
A total of 4,000 Neta EVs were shipped abroad, the latest new batch after 3,600 were sent to overseas markets in March, the company said on June 6.
Great Wall Motor's Wey brand sold 1,500 units last week and 5,000 units from June 1 to June 25.
Changan Automobile's NEV subsidiary Deepal sold 1,500 units last week and 4,900 units from June 1 to June 25.
Huawei-backed Aito sold 1,200 units last week, and 3,200 units from June 1 to June 25.
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The Qiyuan A07 is a mid to large-size sedan that will be offered in BEV and EREV versions, a previous regulatory filing shows.
(Image credit: Changan Qiyuan)
Chinese auto giant Changan Automobile is upping its bets in the electric vehicle (EV) segment, starting the warm-up for a new sub-brand and its first model.
The Changan sub-brand, called Qiyuan (启源), today posted several images on Weibo about the Qiyuan A07, showing exterior and interior design details of the sedan.
It is worth noting that Changan has not yet officially launched the Qiyuan brand, which has recently registered accounts on several social media platforms.
Yesterday, Qiyuan posted its first Weibo post, a preview video of the Qiyuan A07.
Qiyuan did not reveal more information about the A07, although the model previously entered a filing catalog of the Chinese Ministry of Industry and Information Technology.
The Qiyuan A07 is a mid to large-size sedan with a length, width and height of 4,905 mm, 1,910 mm and 1,480 mm, respectively, and a wheelbase of 2,900 mm, according to the filing.
The dimensions are slightly smaller than BYD's flagship sedan, the Han EV, which measures 4,995 mm in length, 1,910 mm in width and 1,495 mm in height, with a wheelbase of 2,920 mm.
Similar to Changan's other sub-brand Deepal, the Qiyuan A07 will be available in battery electric vehicle (BEV) and extended-range electric vehicle (EREV) versions.
The Qiyuan A07 BEV has an electric motor with a peak power of 190 kW, the same as the Deepal SL03 BEV. The Qiyuan A07 EREV has a peak electric motor of 160 kW, the same range-extender as the Deepal SL03, and a displacement of 1.5L with a power of 70 kW.
The Qiyuan A07 BEV is equipped with battery packs with capacities of 58.1 kWh and 79.97 kWh, respectively, with CLTC ranges of 515 km and 710 km. The Qiyuan A07 EREV is equipped with a 28.39 kWh battery pack with a battery range of 170 km.
Changan sold 244,996 units in May, including joint venture brands, with new energy vehicles (NEVs) contributing 35,934 units, or 14.7 percent, according to figures it announced earlier this month.
Deepal sold 7,021 units in May, bringing January-May sales to 33,585 units.
Changan's EV brand Deepal launches S7 SUV at about half price of Tesla Model Y
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Just 19 months old, Qingtian Truck is nearing a shutdown and employees have been dismissed, according to local media.
(Image from Qingtian Truck website)
A Chinese self-driving truck startup that was previously sued by Pony.ai is reportedly winding down, the latest setback seen in the space.
Just 19 months old, Qingtian Truck is nearing a shutdown, with employees having been displaced and its operating entity facing liquidation, according to a report by local media outlet Jiemian today.
Qingtian Truck's engineers have also been leaving the company, the report said, citing self-driving industry sources.
The company's registration information has not yet changed and its operating status remains intact, although its website has not been updated with company news since January, the report noted.
Qingtian Truck was founded in Beijing in November 2021 to work on self-driving truck technology.
It received an angel funding round of nearly $10 million from 5Y Capital, the only round it has disclosed, just two and a half months after its founding.
In August 2022, Pony.ai, a self-driving startup backed by Toyota Motor and Nio Capital, sued Qingtian Truck and its key executives, Pan Zhenhao and Sun Youhan, alleging that the latter had infringed on Pony.ai's trade secrets.
Pan and Sun are two of the founders of Qingtian Truck and had worked for Pony.ai.
Pony.ai asked the court to order Qingtian Truck to stop infringing on its trade secrets and ask it to pay economic damages and expenses totaling RMB 60 million ($8.3 million).
In April, Qingtian Truck filed a countersuit against Pony.ai, claiming that the latter had abused its intellectual property rights and engaged in unfair competition.
In June, the two announced that they had reached a settlement, each withdrawing its lawsuit against the other.
It's unclear what the main reason is for the current woes facing Qingtian Truck, but investors appear to be increasingly cautious about the prospects for commercialization in the autonomous driving space at a time of slowing economic growth in China.
On May 15, Shanghai Securities News reported that e-commerce giant Alibaba's DAMO Academy is no longer retaining its autonomous driving business and team, which is being fully integrated into its logistics arm Cainiao.
This means that Alibaba's self-driving business is entering a whole new phase of moving from cutting-edge technology exploration in the lab to applications in real-world scenarios, the report noted.
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