Category: EV Data

Tesla delivers 39,956 vehicles in China in Apr, exports 35,886 units from Shanghai plant

Including exports, China-made Model 3 and Model Y sales in April were 26,783 and 49,059 vehicles, respectively, according to the CPCA.  |  TSLA.US

Tesla delivers 39,956 vehicles in China in Apr, exports 35,886 units from Shanghai plant-CnEVPost

Tesla (NASDAQ: TSLA) sold 75,842 China-made vehicles in April, including 35,886 units exported, according to data released today by the China Passenger Car Association (CPCA).

This means that Tesla delivered 39,956 vehicles in China in April, with 47.32 percent of the vehicles produced at the Shanghai plant being exported.

Tesla delivers 39,956 vehicles in China in Apr, exports 35,886 units from Shanghai plant-CnEVPost

By comparison, Tesla delivered just 1,512 vehicles in China last April, when none were exported, due to the Covid lockdown in Shanghai.

The US electric vehicle maker's factory in Shanghai currently produces only the Model 3 and the Model Y. Including exports, the two models sold 26,783 and 49,059 units in April, according to the CPCA.

The breakdown figures of Model 3 and Model Y sales in China are expected to be available in a few days.

Tesla delivers 39,956 vehicles in China in Apr, exports 35,886 units from Shanghai plant-CnEVPost

Retail sales of new energy vehicles (NEVs) in China in April were 527,000, with 370,000 battery electric vehicles (BEVs) sold, according to the CPCA.

This means that Tesla's share of the NEV market in China in April was 7.58 percent and its share of the BEV market was 10.80 percent. These two figures were 14.12 percent and 20.02 percent respectively in March.

Tesla delivers 39,956 vehicles in China in Apr, exports 35,886 units from Shanghai plant-CnEVPost

It is worth noting that Tesla's model is to produce cars for export in the first half of the quarter and for the local market in the second half.

Tesla slightly raised the prices of all its available models in China earlier this month, which the CPCA believes will be helpful in boosting sales.

Tesla's price increase is a good signal to dispel the wait-and-see mentality of consumers who are overly expecting price cuts, the CPCA said in a report today.

On May 2, the prices of the Model 3 and Model Y were all raised by 2,000 yuan ($290) in China, an increase of less than 1 percent.

On May 5, prices for the full lineup of the new Model S and Model X, which are not manufactured in China, were all raised by RMB 19,000.

(1 $= RMB 6.9274)

Tesla hikes Model 3, Model Y prices slightly in China

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China Apr NEV retail down 3% from Mar, preliminary CPCA data show

China's retail sales of passenger NEVs in April were 529,000 units, up 87 percent year-on-year, but down 3 percent from March, according to the CPCA.

China Apr NEV retail down 3% from Mar, preliminary CPCA data show-CnEVPost

China's new energy passenger car retail sales in April were 529,000 units, up 87 percent year-on-year, but down 3 percent from March, according to preliminary data released today by the China Passenger Car Association (CPCA).

Notably, the CPCA's estimate released on April 25 showed that retail sales of new energy passenger vehicles in China were expected to be around 500,000 units in April.

The higher figure released today means that the NEV market performed better in the last week of April than the CPCA expected at the time.

From January to April, retail sales of new energy passenger vehicles in China were 1.85 million units, up 37 percent year-on-year, the CPCA said.

Wholesale sales of new energy passenger vehicles in China were 600,000 units in April, up 105 percent year-on-year but down 4 percent from the previous month.

From January to April, wholesale sales of new energy passenger vehicles in China were 2.1 million units, up 42 percent year-on-year.

Retail sales of all passenger vehicles in China were 1.65 million units in April, up 58 percent year-on-year and up 4 percent from March, according to the CPCA.

This means that the penetration of new energy passenger vehicles at retail in April was 32 percent, down from 34.2 percent in March.

From January to April, retail sales of all passenger vehicles in China were 5.94 million units, unchanged from the same period last year.

Wholesale sales of passenger vehicles in China were 1.78 million units in April, up 87 percent from a year ago but down 10 percent from March.

From January to April, China's wholesale sales of passenger cars were 6.85 million units, up 7 percent from a year ago.

This means that in the first four months, China's auto market performed largely in line with the same period last year. This is not a good result, considering the sporadic outbreak of Covid in the first quarter of last year and the impact of the lockdown in Shanghai in April on the sector.

April sales were low and the production pace slowed, largely because many car companies were waiting to see if vehicles based on older emissions standards would be allowed to be sold for an extended period of time, according to the CPCA.

The following is the CPCA's weekly retail sales performance for the Chinese passenger vehicle market in April, as announced today:

Average daily retail sales of passenger vehicles in the first week of April were 37,000 units, up 47 percent year-on-year and up 8 percent from the same period in March.

Average daily sales for the second week of April were 48,000 units, up 81 percent year-on-year and up 24 percent over the same period in March.

Average daily sales for the third week of April were 57,000 units, up 93 percent year-on-year and up 31 percent over the same period in March.

Average daily sales for the fourth week of April were 81,000 units, up 40 percent year-on-year but down 4 percent from the same period in March.

China to allow extended sales periods for ICE models based on existing emissions standard, report says

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Insurance registrations for week ending Apr 30: Tesla 11,500, Li Auto 8,100, NIO 2,600

shared the numbers, saying its sales last week far outpaced those of other local new car-making brands.

Li Auto (NASDAQ: LI) today shared sales figures for the major new car makers as well as luxury car companies in China for the last week of April, which is worth a look, even though many automakers have already announced deliveries for last month.

For the week ending April 24 to April 30, Li Auto sold 8,100 units, far more than any other new carmaker brand, it said today on Weibo.

Li Auto continues to be in the top five luxury brands selling in China, the highest-ranking Chinese brand on the list, outpacing other traditional luxury brands besides Mercedes-Benz, BMW and Audi in weekly sales, it said.

Li L7 delivered more than 10,000 units in its first full delivery month, making it one of the preferred luxury five-seat SUVs for more families, Li Auto said.

Li Auto didn't specify what statistic that sales figure was based on, though apparently it was insurance registrations. Its figures for the first three weeks of April were 7,200, 6,300 and 4,177.

Previously, we had access to those numbers every Tuesday, and it was Li Auto's practice to share some of them later to show off that it was leading the pack among car-making newcomers.

The major third-party providers of Chinese auto insurance registrations data, as well as Weibo bloggers, stopped sharing them in April, though Li Auto continues to share some of them.

Li Auto delivered 25,681 vehicles in April, another monthly high while surpassing the 20,000-delivery mark for the second consecutive month, according to data it released on May 1.

vehicles sold 11,500 units in China last week, according to a table shared by Li Auto. The figure for Tesla was 10,300, 12,500 and 6,973 units in the previous three weeks.

The US electric vehicle maker sold 75,842 China-made vehicles in April, including exports, according to data released earlier today by the China Passenger Car Association (CPCA).

The sales include sales in China as well as exports, and the breakdown is expected to be available in the coming days.

NIO (NYSE: NIO) sold 2,600 units last week, according to Li Auto. The company sold 2,000, 700 and 1,316 units in the first three weeks of April, according to the previous data.

NIO's deliveries in April fell further to 6,658 units, as its product switchover continues, according to data released on May 1.

(NYSE: XPEV) saw sales of 2,500 units last week. It sold 1,900, 1,300 and 904 units in the first three weeks of April.

XPeng delivered 7,079 vehicles in April, down 21.36 percent from 9,002 a year ago, but up 1.1 percent from 7,002 in March.

sold 2,300 units last week, a figure that was 2,100, 1,600 and 1,476 units in the first three weeks of April.

, Denza, and sold 3,200, 2,700, and 2,600 units last week, respectively.

Among the luxury brands, Mercedes-Benz, BMW and Audi had the highest sales last week with 19,400, 15,700 and 14,500 respectively, according to data shared by Li Auto.

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China’s NEV wholesale in April at about 600,000 units, CPCA estimates show

China's auto industry price war faded in April, easing consumer wait-and-see sentiment and releasing suppressed demand, the CPCA said.

China's wholesale sales of new energy passenger vehicles are expected to be 600,000 units in April, basically unchanged from March and up 114 percent year-on-year, the China Passenger Car Association (CPCA) said in a report today.

In March, the 11 manufacturers with more than 10,000 wholesale sales of new energy vehicles (NEVs) contributed 80.7 percent of all wholesale sales, the CPCA said.

These companies are expected to sell 482,000 units in April, and the normal structure would put China's wholesale sales of new energy passenger vehicles in April at around 600,000 units, the CPCA said.

In January-April, China's wholesale sales of new energy passenger vehicles are estimated at 2.1 million units, up 43 percent year-on-year, according to the report.

The CPCA said the overall auto market continued the trend seen in late March as the price war in China's auto industry receded in April, easing consumer wait-and-see sentiment and releasing previously suppressed demand.

Due to the low base of last year and the recent continued strength of China's new energy passenger vehicle exports, car companies in the core regions of the NEV industry chain, including Shanghai, performed well, the CPCA said.

Passenger vehicle sales in China are expected to be 23.5 million units in 2023, including 8.5 million NEVs, and NEV penetration is expected to reach 36 percent, the CPCA said, repeating its previous forecast.

China's new energy passenger vehicle sales were 6.5 million units in 2022, up 94 percent year-on-year, the CPCA noted.

Here are the CPCA's wholesale NEV sales for major car companies in April.

Tesla sells 75,842 China-made vehicles in Apr, CPCA data show

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Tesla sells 75,842 China-made vehicles in Apr, CPCA data show

Tesla's April sales in China may have been negatively impacted by consumer expectations of price cuts. It raised the prices of all its models in China this week, seemingly aimed at dampening such expectations.  |  TSLA.US

Tesla sells 75,842 China-made vehicles in Apr, CPCA data show-CnEVPost

Tesla sold 75,842 China-made vehicles in April, including exports, according to data released today by the China Passenger Car Association (CPCA).

That's up 4,916.01 percent from 1,512 units in the same month last year but down 14.66 percent from 88,869 units in March.

Last April's low base was due to disruptions to Tesla's production in China when Shanghai, where its plant is located, went into Covid lockdown at the end of March last year. The plant produces the Model 3 sedan as well as the Model Y crossover.

The sales include those in China as well as those for export, and the breakdown is expected to be available in the coming days.

In January-April, Tesla's China-made vehicle sales were 305,164, up 66.13 percent from 183,686 in the same period last year, data monitored by CnEVPost showed.

Tesla's April sales in China may have been negatively impacted by consumer expectations of price cuts.

The US electric vehicle maker cut prices for the Model 3 as well as the Model Y in several markets around the world in the first half of April, raising concerns about whether it would cut prices in China.

This may have caused many potential consumers to wait for Tesla to cut prices in China, thus delaying the purchase of the car.

On April 14, Grace Tao, Tesla's vice president of external affairs, shared several charts on Weibo showing that all versions of the Model 3 and Model Y available in the Chinese mainland are priced lower than in all other markets.

Tao shared these charts without comment, although she seemed to be suggesting at the time that Tesla would not be dropping prices in China.

On May 2, Tesla raised the prices of its full lineup of Model 3 and Model Y in China by RMB 2,000 ($290), a small margin that meant the move may be aimed more at dispelling consumer wait-and-see sentiment.

Earlier today, Tesla raised the prices of the new Model S and Model X in China, and also offered 3 years of free supercharging for the two more expensive models.

The Model 3 now starts at RMB 231,900 in China, the Model Y at RMB 263,900, the Model S at RMB 808,900 and the Model X at RMB 898,900.

($1 = RMB 6.9119)

Tesla hikes Model 3, Model Y prices slightly in China

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BYD Apr sales breakdown: Qin 42,202, Yuan 39,160

BYD has offered some discounts on the Seal, Song Plus, Yuan Plus and Dolphin in the price war in the Chinese auto industry over the past two months.  |  BYDDY.US | BYD HK

BYD Apr sales breakdown: Qin 42,202, Yuan 39,160-CnEVPost

A number of BYD's Dynasty series models continue to contribute major sales for the NEV (NEV) maker.

BYD announced its NEV sales for April today and later provided a breakdown of the different models, showing that the Qin family sold 42,202 units during the month.

This is a new record high for single-month sales of the Qin family of models which continues to be the highest-selling BYD model for the month, contributing 20.1 percent of the NEV maker's passenger NEV sales in March.

This represents a 79.43 percent increase from 23,520 units in the same month last year and a 3.31 percent increase from 40,850 units in March. The Qin family was also the top-selling BYD model in March.

On February 10, BYD let a facelift of the plug-in hybrid sedan Qin Plus DM-i go on sale, offering five versions with a starting price range of RMB 99,800 ($14,440) to RMB 145,800.

This is the first time BYD has made a model with its DM-i powertrain start at less than RMB 100,000.

The Yuan family of models sold 39,160 units in April, making it the second highest-selling BYD model for the month. This was up 158.18 percent year-on-year, but down 3.07 percent from March.

BYD Apr sales breakdown: Qin 42,202, Yuan 39,160-CnEVPost

Song family models -- the top-selling BYD model in many previous months -- sold 35,836 units in April, up 42.73 percent year-on-year, but down 11.54 percent from March.

BYD Apr sales breakdown: Qin 42,202, Yuan 39,160-CnEVPost

The BYD brand includes the Dynasty series and Ocean series, and the Song family is available in both series. The Song in the Dynasty series sold 8,100 units in April, while the Song Plus in the Ocean series sold 27,736 units.

BYD Dolphin sold 30,462 units in April, essentially unchanged from 30,077 units in March and up 153.01 percent from 12,040 units in the same month last year.

BYD Apr sales breakdown: Qin 42,202, Yuan 39,160-CnEVPost

BYD's flagship sedan, the Han, sold 14,329 units in April, up 6.77 percent year-on-year and up 5.75 percent from March.

BYD Apr sales breakdown: Qin 42,202, Yuan 39,160-CnEVPost

Its flagship SUV Tang sold 11,759 units in April, up 16.07 percent year-on-year but down 3.08 percent from March.

BYD Apr sales breakdown: Qin 42,202, Yuan 39,160-CnEVPost

The BYD Frigate 07 sold 10,003 units in April, up 22.74 percent from March. The model went on sale on December 9, 2022.

BYD Apr sales breakdown: Qin 42,202, Yuan 39,160-CnEVPost

BYD Seal sold 6,212 units in April, up 3.53 percent from 6,000 units in March. The model went on sale on July 29, 2022.

BYD Apr sales breakdown: Qin 42,202, Yuan 39,160-CnEVPost

The BYD Chaser 05 sold 5,380 units in April, up 163.73 percent year-on-year and 37.56 percent from March.

BYD Apr sales breakdown: Qin 42,202, Yuan 39,160-CnEVPost

BYD Seagull, which was officially launched at the end of last month, sold 1,500 units in April.

BYD officially launched the mini electric vehicle Seagull on April 26, which has 3 versions with starting prices of RMB 73,800, RMB 78,800, and RMB 89,800 respectively, the lowest-priced BYD model.

BYD Apr sales breakdown: Qin 42,202, Yuan 39,160-CnEVPost

Denza, a joint venture with Mercedes-Benz majority owned by BYD, sold 10,526 units in April, up 1.23 percent from March. Denza sales are included in the figures BYD publishes each month.

Denza is currently offering only the Denza D9 MPV, with reservations for the N7 SUV opening on the first day of the Shanghai auto show on April 18.

BYD Apr sales breakdown: Qin 42,202, Yuan 39,160-CnEVPost

In the past two months, BYD has offered some discounts for Seal, Song Plus, Yuan Plus and Dolphin in a price war in the Chinese auto industry.

BYD sold 210,295 NEVs in April, up 98.31 percent from 106,042 units in the same month last year and up 1.55 percent from 207,080 units in March, according to data released today.

This includes 209,467 passenger NEVs and 828 commercial NEVs.

($1 = RMB 6.9121)

BYD posts Apr NEV sales of 210,295 units, up 1.55% from Mar

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Deutsche Bank on Apr China EV sales: Li Auto shines while NIO struggles

Edison Yu's team continues to expect most automakers to be aggressive, as market share is a top priority.

China's major electric vehicle (EV) makers announced their April deliveries yesterday, and Deutsche Bank analyst Edison Yu's team provided their take, as usual.

"April sales were generally better than feared for most OEMs we track with the exception of NIO who is struggling at the moment from both weak demand for its sedans and a major production platform transition for its SUVs," the team said in a note sent to investors yesterday.

continues to impress, setting a monthly delivery record and showing continued strong traction for its three models in the premium SUV segment, the team said.

As a backdrop, Li Auto delivered a record 25,681 vehicles in April, surpassing the 20,000-delivery mark for the second consecutive month.

NIO deliveries fell further to 6,658 in April as the product switch continued. XPeng delivered 7,079 vehicles in April, essentially unchanged from March, and the company appears to be on the cusp of emerging from the mire of weak sales that lasted about one year.

Here is the full text of Yu's team's note.

April sales were generally better than feared for most OEMs we track with the exception of NIO who is struggling at the moment from both weak demand for its sedans and a major production platform transition for its SUVs.

Li Auto continues to impress, setting a record for monthly deliveries, demonstrating continued robust traction in the premium SUV segment with its 3 models.

's volume held in about flat MoM as new P7i ramps up.

Overall, we continue to expect most OEMs to be aggressive as market share is the #1 priority. Although there were no big price cuts announced at the Shanghai Auto Show, our view is that there is likely another wave of price cuts to come as industry demand remains soft.

Moreover, the price of lithium carbonate has dropped dramatically this year which provides more cushion on the gross margin side.

April OEM recap

Li Auto delivered 25,681 vehicles (+23% MoM, +516% YoY), beating our forecast and setting a new monthly record. This includes >10,000 units of the L7 in its first full month of deliveries (vs. 7,702 in March).

XPeng delivered 7,079 vehicles (+17% MoM; -55% YoY), slightly below our expectations. The P7i mid-cycle face-lift should help volume in May/June as management expressed confidence in the order book.

XPeng officially revealed the G6 at the Shanghai Auto Show last month and this will be the most important product for the company this year to grow sales (double current monthly sales by end of 3Q), set for late June deliveries.

NIO delivered only 6,658 vehicles (-36% MoM, +31% YoY), below our forecast. Demand for ET5 and ES7 appear to be getting weaker sequentially while the rest of the portfolio is undergoing a platform transition (except for ET7 getting an interior upgrade this month).

Deliveries of the new EC7 began on 4/28, a few weeks earlier than anticipated, suggesting operational execution is on track. The new ES6 is expected to begin deliveries toward end of May (NIO's best selling SUV model).

delivered sales of 8,101 vehicles (+22% MoM; +279% YoY). The average order value for 001 shooting break sedan is 336k RMB and 009 luxury MPV is 527k. Zeekr's upcoming X model is expected to garner higher relative volumes with starting price of just 190k (deliver in June, targeting 40,000 units for 2023).

NIO deliveries fall further to 6,658 in Apr as product switch continues

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BYD posts Apr NEV sales of 210,295 units, up 1.55% from Mar

BYD sold 104,364 passenger BEVs in April, up 1.65 percent from March, and 105,103 PHEVs, up 1.63 percent from March.

BYD posts Apr NEV sales of 210,295 units, up 1.55% from Mar-CnEVPost

BYD sold 210,295 new energy vehicles (NEVs) in April, up 98.31 percent from 106,042 units in the same month last year and up 1.55 percent from 207,080 units in March, according to data released today.

The company discontinued production and sales of vehicles powered entirely by internal combustion engines in March last year and switched to focus on producing plug-in hybrids and pure electric vehicles.

BYD's NEVs include passenger cars as well as commercial vehicles, with sales of 209,467 new energy passenger cars in April, up 98.59 percent from 105,475 units in the same month last year and up 1.64 percent from 206,089 units in March.

BYD posts Apr NEV sales of 210,295 units, up 1.55% from Mar-CnEVPost

BYD's new energy commercial vehicles sold 828 units in April, up 46.03 percent from 567 units in the same month last year, but down 16.45 percent from 991 units in March.

BYD posts Apr NEV sales of 210,295 units, up 1.55% from Mar-CnEVPost

Among these passenger NEVs, battery electric vehicles (BEVs) sold 104,364 units, up 81.81 percent from 57,403 units a year ago and up 1.65 percent from 102,670 units in March.

BYD posts Apr NEV sales of 210,295 units, up 1.55% from Mar-CnEVPost

Its passenger plug-in hybrid vehicles (PHEVs) were 105,103 units, up 118.64 percent from 48,072 units in the same month last year and up 1.63 percent from 103,419 units in March.

BYD posts Apr NEV sales of 210,295 units, up 1.55% from Mar-CnEVPost

In April, BYD sold 14,827 NEVs in overseas markets, up 11.38 percent from 13,312 units in March.

BYD posts Apr NEV sales of 210,295 units, up 1.55% from Mar-CnEVPost

The company first announced overseas sales figures for NEVs in July 2022.

In addition to being China's largest NEV company, BYD is also the country's second-largest manufacturer of power batteries.

BYD's installed power and energy storage battery capacity in April was about 9.954 GWh, up 59.47 percent from 6.242 GWh in the same month last year and up 0.64 percent from 8.952 GWh in March.

BYD posts Apr NEV sales of 210,295 units, up 1.55% from Mar-CnEVPost

BYD officially launches Seagull to expand its presence in China's EV market

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Leapmotor delivers 8,726 units in Apr with higher-priced models contributing most sales

Leapmotor's higher-priced C-series models contributed more than 83 percent of April deliveries.

Leapmotor delivers 8,726 units in Apr with higher-priced models contributing most sales-CnEVPost

Leapmotor saw significant sequential sales growth last month, and most importantly, the higher-priced models are starting to dominate sales.

The electric vehicle (EV) maker delivered 8,726 vehicles in April, down 3.97 percent from 9,087 a year ago, but up 41.38 percent from 6,172 in March, according to data released today.

Leapmotor did not release model-specific breakdown sales figures, but said the higher-priced C-series models contributed more than 83 percent of deliveries.

The company's full lineup is in the process of accelerating deliveries, it said.

Founded in 2015, Leapmotor's models on sale include the minivan T03, the coupe sports model S01, the flagship SUV model C11, and the flagship sedan C01.

The company's previous sales were mainly contributed by the cheap EV T03, which led Leapmotor to be seen as a budget EV maker.

The T03 currently has a starting price range of RMB 59,900 ($8,670) to RMB 89,900, the C11 extended-range electric vehicle (EREV) is RMB 149,800 to RMB 185,800, the C11 battery electric vehicle (BEV) is RMB 155,800 to RMB 219,800, and the C01 is RMB 149,800 to RMB 228,800. The Leapmotor website does not currently show prices for the S01.

As of June 30, 2022, Leapmotor had delivered a cumulative total of 79,220 T03s, 2,729 S01s, and 22,880 C11s, according to its Hong Kong IPO prospectus published in September 2022.

The C11 BEV, which was launched on September 29, 2021, and the C01, which was launched on September 28, 2022, are Leapmotor's flagship models, targeting the RMB 150,000 to 300,000 range.

On March 1, Leapmotor officially launched the C11 EREV, with hopes that the model will target a larger market than BEVs and thus turn around its weak sales performance.

($1 = RMB 6.9121)

Leapmotor would have to sell at least 400,000 units a year to break even, CEO says

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Zeekr delivers 8,101 vehicles in Apr, 3rd consecutive MoM rise

Zeekr aims to be one of the leading brands in the European EV market by 2030, an executive said.

Zeekr's vehicle deliveries continued to grow in April, putting cumulative deliveries over the 100,000-unit mark.

The premium electric vehicle (EV) maker, owned by , delivered 8,101 vehicles in April, up 279.08 percent from 2,137 in the same month last year and up 21.58 percent from 6,663 in March, according to data released today.

This is the third consecutive month-on-month increase in Zeekr's monthly deliveries and also the third consecutive year-on-year increase.

In January-April, Zeekr's deliveries were 23,335 units, up 124.85 percent from 10,378 units in the same period last year, according to data monitored by CnEVPost.

By the end of April, Zeekr's cumulative deliveries since its inception stood at 101,283 units. The company saw its 100,000th vehicle delivery milestone on April 25.

Zeekr is currently delivering the Zeekr 001 shooting brake as well as the Zeekr 09 MPV, for which the company does not release breakdown figures.

The average order value for the Zeekr 001 is RMB 336,000 ($48,610) and the Zeekr 009 is RMB 527,000, Zeekr said today.

The Zeekr 001 is currently offered in four versions with starting prices of RMB 300,000, RMB 300,000, RMB 349,000 and RMB 386,000. The Zeekr 009 is currently offered in two versions with starting prices of RMB 499,000 and RMB 588,000, respectively.

Zeekr was officially established as an independent company in March 2021, and its first model, the Zeekr 001, was launched on April 15, 2021, with deliveries beginning in October 2021.

On November 1, 2022, Zeekr's second model, the Zeekr 009 MPV, was launched, and its deliveries began on January 15.

On April 12, Zeekr launched its third model, the Zeekr X, which it hopes will become the benchmark for luxury compact cars.

Zeekr X has three versions, one starting at RMB 189,800 and the other two at RMB 209,800.

The Zeekr X is already taking reservations and deliveries will begin in June, with the model aiming to deliver 40,000 units this year.

On April 18, Zeekr unveiled its European strategy, which will be based on a direct-to-customer business model to deliver an EV experience to European customers.

Its first models in Europe are the Zeekr 001 and the Zeekr X, which will start arriving in Sweden and the Netherlands in the fourth quarter, with other countries to follow quickly.

Zeekr aims to be one of the leading brands in the European EV market by 2030, Spiros Fotinos, the company's vice president and CEO of European sales, said today, according to a press release.

($1 = RMB 6.9121)

Zeekr releases Europe strategy, 2 models to debut in Sweden and Netherlands in Q4

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