Category: Electric

Li Auto delivers over 32,000 vehicles in Jun, CEO says

This means that had another record month of deliveries in June, and the first time it has surpassed the 30,000-unit mark.

(Image credit: CnEVPost)

It's the practice for China's major electric vehicle (EV) makers to announce their deliveries for the previous month on the first day of each month, and Li Auto (NASDAQ: LI) couldn't wait to share a number today to showcase its strong performance.

Li Auto delivered more than 32,000 vehicles in June, taking premium Chinese brands to a whole new level of sales, its founder, chairman and CEO Li Xiang said in a speech today celebrating the company's eighth anniversary.

The company aims to become the No. 1 seller in the Chinese market for passenger cars priced at more than RMB 200,000 yuan ($27,590) and to reach 1.6 million annual deliveries by 2025, he said, repeating previous remarks.

The latest figure means that Li Auto's deliveries in June reached another record high and were the first time to exceed the 30,000-unit mark, up more than 145 percent from 13,024 units a year earlier.

The company delivered 28,277 vehicles in May, up 145.97 percent year-on-year and up 10.11 percent from April, the third consecutive month to exceed the 20,000-unit mark.

Earlier this week, local media reported that Li Auto had recently raised its full-year sales target to 400,000 units from the original 300,000. However, this was subsequently denied by Li.

Li Auto finished the first half of the year with more than 130,000 units sold and does not have any ability to make it to 400,000 units for the full year, he said on June 27.

The company's capabilities, including product, sales, capacity and organization, cannot support 400,000 units sold this year, and the gap is huge, Li said.

On June 18, Li said on Weibo that most members of Li Auto's management team thought the company should set an annual sales target of 360,000 units at the beginning of the year, but he ultimately decided to set a budget target based on annual sales of 306,000 units.

"This was partly because I didn't think we could be too optimistic about the economic environment this year, and partly because we didn't meet our budget targets for all three years from 2020-2022," he said at the time.

Li said the too-low targets he set led the company to place orders at suppliers at the beginning of the year that were clearly not keeping up with current sales, so several key components would take more than a quarter to reach the right capacity if production ramp-up began now.

($1 = RMB 7.2486)

Li Auto CEO denies raising sales target for this year to 400,000 units

The post Li Auto delivers over 32,000 vehicles in Jun, CEO says appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Solar & Schools — Powering Today, Empowering Tomorrow

There is a bumper sticker that says, “What if our schools had all the money they need to educate our children but the military had to hold a bake sale to buy new weapons?” The Steelton–Highspire School District near Harrisburg, Pennsylvania, has been struggling with budget challenges for years. Recently, it installed 3500 solar panels […]

Xpeng targets G6 monthly sales of over 10,000

's Hong Kong-traded shares rose more than 14 percent to HK$51.80 at press time, giving it a 30 percent gain for the week.

(Image credit: CnEVPost)

Xpeng (NYSE: XPEV) officially launched the G6 yesterday, and the company's management clearly has high hopes for the new SUV.

The G6's monthly sales target is at least 10,000 units, Xpeng chairman and CEO He Xiaopeng said in an interview with local media after yesterday's G6 launch, according to a report by Auto Home.

Mr. He disagreed with the idea that Xpeng needs to turn its fortunes around with the G6, saying that a company that bets its future on one car is doing it wrong.

In the auto industry, automakers need long-term thinking and systemic competitiveness, he said.

Xpeng officially launched the G6 yesterday, offering five versions with starting prices of RMB 209,900 ($28,940), RMB 229,900, RMB 234,900, RMB 254,900 and RMB 276,900 respectively.

Of the five options, the three versions in the middle price range will be the best sellers, meaning the G6 will be in the RMB 250,000 range in terms of average sales price, according to Mr. He.

At yesterday's launch, he said the G6 is expected to be the top-selling smart electric SUV in China within two months priced at the RMB 250,000 level.

The Xpeng G6 received more than 25,000 pre-orders within 72 hours of the start of pre-sales on June 9, and more than 35,000 pre-orders as of June 28, said Yi Han, the company's vice president of marketing, repeating Mr. He's remarks at yesterday's launch event.

Forty percent of Xpeng G6 orders came from offline stores and 60 percent from online channels, Yi said.

Mr. He made it clear in yesterday's interview that Xpeng will not launch extended-range electric vehicle (EREV) models similar to (NASDAQ: LI).

As an entrepreneur, choices need to be made and trade-offs need to be made, he said.

In a June 15 speech, Mr. He said he could foresee a large number of hybrid models in China in the next two years, especially inside family cars.

"Because everyone sees the success, they will follow. Because they are following, a large number of models will focus on the same place. It's a very interesting thing," he said in the speech.

Xpeng shares traded in Hong Kong continued to rise today, up more than 14 percent to HK$51.80 at press time, giving it a 30 percent gain for the week.

($1 = RMB 7.2525)

Xpeng officially launches G6 with starting price of $29,010 to regain past glory

The post Xpeng targets G6 monthly sales of over 10,000 appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Canadian Smoke Reaches Europe

Smoke from wildland fires, which have been burning in the Canadian province of Quebec for weeks, has crossed the Atlantic Ocean and darkened skies in southwestern Europe. The Moderate Resolution Imaging Spectroradiometer (MODIS) on NASA’s Terra satellite acquired this image in the morning (11:10 Universal Time) on June 26, 2023. At the time, smoke drifted […]

Killer Heat Threatens 75 Million People in US South

Today climate change has broken a new Danger Season record: 76 million people in the US — or 23% of the total population — are currently under extreme weather alerts, including alerts for heat, flooding, storms, and wildfire weather conditions. Almost all of those alerts — impacting 75 million people — are for extreme heat […]

Tesla Model Y wait times get longer in China

The latest wait times for all three versions of the Model Y in China are a slightly longer 2-6 weeks, the second change this year since January 9.

(Image credit: CnEVPost)

Tesla's (NASDAQ: TSLA) Model Y -- the best-selling SUV in China -- is seeing longer wait times, the second such change in the first half of this year.

The latest expected delivery dates for all three available versions of the Model Y in China -- the entry-level rear-wheel drive Model Y, the dual-motor all-wheel drive Model Y Long Range, and the dual-motor all-wheel drive Model Y Performance -- are all 2-6 weeks, CnEVPost's monitoring shows.

The last change in wait times for the Model Y in China was on January 9, when both the entry-level Model Y and Model Y Long Range went from 1-4 weeks to 2-5 weeks, and the Model Y Performance stayed at 1-4 weeks.

CnEVPost has been tracking wait times and price changes for Tesla models in China on a daily basis since April 2022. The latest change in Model Y wait times is the second in the first half of the year.

(Vehicle information displayed on Tesla's China website on June 30, 2023.)

Tesla has a factory in Shanghai that produces the Model 3 and Model Y. The expected delivery dates for the two versions of the Model 3 -- the entry-level rear-wheel drive version and the dual-motor all-wheel drive Model 3 Performance -- remain unchanged at 1-4 weeks.

The Model 3 and Model Y showed no change in price or core specification information today. There have been some changes to their pricing information in China in the first half of this year.

On January 6, Tesla significantly lowered the prices of the full range of Model 3 and Model Y in China. The specific adjustments at that time were as follows:

The price of the entry-level Model 3 was reduced by RMB 36,000 from RMB 265,900 ($36,660) to RMB 229,900 on January 6, and the Model 3 Performance was reduced by RMB 20,000 from RMB 349,900 to RMB 329,900.

The price of the entry-level Model Y was reduced by RMB 29,000 from RMB 288,900 to RMB 259,900 on January 6, and the Model Y Long Range was reduced by RMB 48,000 from RMB 357,900 to RMB 309,900. The Model Y Performance was reduced by RMB 38,000 to RMB 359,900 from RMB 397,900.

On February 10, Tesla increased the price of the base Model Y in China by RMB 2,000 to RMB 261,900.

On February 17, Tesla increased the price of Model Y Long Range and Model Y Performance in China both by RMB 2,000 to RMB 311,900 and RMB 361,900, respectively.

On May 2, Tesla increased the prices of the entire Model 3 and Model Y lineup by RMB 2,000 in China. Following this adjustment, the starting prices for the two versions of the Model 3 were RMB 231,900 and RMB 331,900, respectively, and the starting prices for the three versions of the Model Y were RMB 263,900, RMB 313,900 and RMB 363,900, respectively.

Prices for the Model 3 and Model Y have not changed in China since the May 2 price change.

Tesla sold 42,508 Model 3 and Model Y vehicles in China in May, and the Shanghai plant exported 35,187 vehicles, according to the China Passenger Car Association (CPCA).

Model Y retail sales in China in May were 31,054 units, up 428.58 percent year-on-year and up 16.05 percent from April.

This makes the Model Y the best-selling SUV in China in May, above the second-place Yuan Plus with 26,072 units and the third-place BYD Song Plus with 22,079 units, according to a ranking by the CPCA.

From January to May, Model Y retail sales in China were 152,461 units, up 87.03 percent year-on-year, making it the best-selling SUV in China during that period.

Yesterday, local media outlet 36kr reported that Tesla's revamped China-made Model 3 will have an upgraded battery pack, with the base rear-wheel drive version using 's new M3P lithium iron phosphate battery, which will be upgraded from 60 kWh to 66 kWh in capacity.

The 66-kWh battery pack will not only be used in the improved Model 3, but also in the future upgraded Model Y, the report said, citing sources.

($1 = RMB 7.2525)

Tesla starts offering insurance subsidies for car purchases in China again

The post Tesla Model Y wait times get longer in China appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Disney & Netflix Join Forces On New Clean Power Initiative

Entertainment and studio leaders Netflix and The Walt Disney Company launched the Clean Mobile Power Initiative with the participation and support of nonprofit RMI and its global climate tech accelerator, Third Derivative. The Clean Mobile Power Initiative aims to identify and deliver cost-competitive, zero-emissions mobile power at scale for the entertainment industry, including developing alternatives […]
driive.com
All about Smart and Sustainable Mobility

Archives

March 2025
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31