Category: EV Data

Deutsche Bank on China EV sales: Jun gathering momentum

After the price cut and a series of new models, sales could reach 20,000 units per month in the third quarter, according to Edison Yu's team.

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

"June EV sales surprised to the upside as demand picked up, likely signaling some normalization in consumer behavior and release of pent-up demand from buyers taking advantage of low prices," the team said in a research note sent to investors today.

(NASDAQ: LI) again led the way among the upstarts, setting a new monthly record, while Nio (NYSE: NIO) saw a large improvement in monthly sales, driven by the speedy ramp-up of the ES6, the team noted.

Looking ahead, pressure will be on Nio and (NYSE: XPEV) to deliver big growth in the second half with new vehicle launches, while Li Auto works to increase its already strong order book, Yu's team said.

As a backdrop, Nio delivered 10,707 vehicles in June, up 73.96 percent from 6,155 in May, though down 17.39 percent from 12,961 a year earlier.

Xpeng delivered 8,620 vehicles in June, up 14.84 percent from May and the fifth sequential growth, despite a 43.64 percent decline from the same month last year.

Li Auto delivered a record 32,575 vehicles in June, surpassing the 30,000 mark for the first time.

delivered 10,620 vehicles in June, up 146.86 percent year-on-year and up 22.38 percent from May.

Yu's team said Nio deliveries were slightly below their forecast, though the new ES6 appears to be ramping up smoothly and should be a bigger contributor in July along with the full month of production of the ET5 Touring.

After the price cut and a slew of new models, Nio could reach 20,000 units per month in the third quarter, the team said.

The team said Xpeng deliveries exceeded their expectations and, most importantly, the initial reception to the new G6 looks increasingly positive.

Looking ahead, Xpeng is on track to hit at least 10,000 deliveries in July and 15,000 in September is doable, the team said.

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

June gathering momentum

June EV sales surprised to the upside as demand picked up, likely signaling some normalization in consumer behavior and release of pent-up demand from buyers taking advantage of low prices.

Total NEV retail sales appear to be tracking around 670k according to preliminary CPCA forecasts or +16 percent MoM (+26 percent YoY).

Li Auto once again led the way among the upstarts setting a new monthly record while Nio saw a large improvement MoM driven by speedy ramp up of ES6.

Looking ahead, the pressure will be on Nio and XPEV to deliver big growth in 2H from new launches while Li Auto strives to increase its already robust order book.

June OEM recap

Li Auto delivered 32,575 vehicles (+15 percent MoM; +150 percent YoY), easily beating our forecast. Looking ahead, management is targeting L8 and L9 to be +10,000 each and L7 at 15,000 in monthly sales for 3Q and then 40,000 total in 4Q.

To support this, we are expecting a cheaper variant of the L9 to be available later in the year.

Separately, the first BEV (Li MEGA) is set to be unveiled in 4Q, catering to the >500k RMB segment.

The company exited the month with 331 retail stores and 323 servicing centers.

Nio delivered 10,707 units (+74 percent MoM; -17 percent YoY), slightly below our forecast.

The new ES6 appears to be ramping up smoothly and should be an even bigger contributor in July along with a full month of ET5 Touring production. New ES8 deliveries also began in the last few days of June.

Following the price cut and slew of new models, we think 20,000 in monthly sales is achievable during 3Q.

Nio exited the month with ~1,500 battery swap stations.

XPeng delivered 8,620 units (+15 percent MoM; -44 percent YoY), ahead of our expectations. P7 sales increased 17 percent MoM to nearly 5,200.

Most importantly, the initial reception to the new G6 is looking increasingly positive.

Starting price will be just 210k RMB and management raised its pre-sale number to +35,000 units (vs. prior +25,000), suggesting a robust pipeline of deliveries for 3Q.

Looking ahead, we expect July can reach at least 10,000 deliveries and 15,000 in September is doable.

Zeekr delivered sales of 10,620 vehicles (+22 percent MoM; +147 percent YoY). Looking ahead, Zeekr is offering some promotions through September on the 001 (likely in response to ET5 Touring competition) including free upgrade options on exterior color, larger 100 kWh battery, dual-motor 4WD, air suspension, and/or charging credits.

In addition, the company is providing special financing offers on all models.

Recall, Zeekr is targeting 140,000 in total unit sales this year (<43,000 through 6 months so far).

Nio deliveries rebound to 10,707 units in Jun as new models bring relief

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Tesla delivers record 466,140 vehicles globally in Q2

Model 3 and Model Y delivered 446,915 units worldwide in the second quarter, beating market expectations of 437,400 and contributing 96 percent of deliveries.

Tesla (NASDAQ: TSLA) saw another record quarter of deliveries.

The US electric vehicle (EV) giant delivered 466,140 vehicles worldwide in the second quarter, up 83.02 percent year-on-year and up 10.23 percent from 422,875 in the first quarter, according to its overnight announcement.

It was also a new record for Tesla's EV deliveries and higher than the 448,400 units Wall Street analysts had expected.

Tesla's cheaper Model 3 and Model Y delivered 446,915 units worldwide in the second quarter, above market expectations of 437,400 units, contributing 96 percent of deliveries. A total of 19,255 Model S and Model X units were delivered, above expectations of 14,600 units.

Tesla produced 479,700 vehicles in the second quarter, including 460,211 Model 3 and Model Y, and 19,489 Model S with Model X.

Tesla's production and delivery gap was 13,560 units in the second quarter, down from 18,000 units in the previous quarter.

Tesla cut prices globally earlier this year, and its starting price for the Model 3 sedan came to an all-time low after it cut prices in China on January 6.

In early May, the company raised the prices of all Model 3s and Model Ys in China, all by 2,000 yuan ($275), an increase of less than 1 percent. The move was thought to be more aimed at dampening consumers' wait-and-see sentiment at the time.

In China, Tesla has a factory in Shanghai that produces the Model 3 and Model Y. It's the largest Tesla factory in the world, with an annual capacity of about 1.1 million units a year.

Tesla does not officially announce its deliveries in China, though the China Passenger Car Association (CPCA) publishes those numbers every month.

Tesla's retail sales in China in April and May were 39,956 and 42,508, respectively, and its Shanghai plant exported 35,886 and 35,187 units in the two months, according to the CPCA.

The company's June sales figures in China are expected to be available in a few days.

(OTCMKTS: BYDDY), one of Tesla's main competitors in China, delivered 703,561 new energy vehicles (NEVs) in the second quarter, including 700,244 passenger cars and 3,317 commercial vehicles, according to data released yesterday.

BYD's passenger vehicle sales in the second quarter included 352,163 battery electric vehicles (BEVs) similar to Tesla vehicles and 348,081 plug-in hybrid vehicles (PHEVs).

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BYD sells record 253,046 NEVs in Jun, sales in H1 exceed 1.25 million

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BYD Jun sales breakdown: Qin 44,239, Song 42,388

Since March, the Qin family has been the top-selling model in monthly sales.

BYD today announced its new energy vehicle (NEV) sales for June, and later provided a breakdown of the different models.

The Qin family of models sold a record 44,239 units in June, making it the highest-selling BYD model for the month. This represents a 66.17 percent year-on-year increase and a 1.10 percent increase from May.

In the first half of the year, the Qin family of models sold 215,773 units, up 47.05 percent year-on-year.

From March to June, the Qin family was the highest-selling BYD model in monthly sales, figures monitored by CnEVPost show.

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 ($13,760) 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 Song family of models sold 42,388 units in June, making it the second highest-selling BYD model in June. This represents a 32.14 percent year-on-year increase and an 11.51 percent increase from May.

In the first half of the year, Song family models sold 259,013 units, an increase of 59.01 percent year-on-year.

The BYD brand includes the Dynasty series and the Ocean series. Song family models include the Song Pro and Song Max DM-i in the Dynasty series, and the Song Plus EV and Song Plus DM-i in the Ocean series.

In June, 16,453 units of the Dynasty series Song were sold and 25,935 units of the Ocean series Song Plus were sold.

BYD Yuan family models sold 33,935 units in June, up 71.99 percent year-on-year but down 5.25 percent from May.

In the first half of the year, the Yuan family of models sold 206,153 units, up 162.07 percent year-on-year.

The NEV maker launched the 2023 Yuan Pro on May 31 with a starting price of RMB 95,800.

BYD Dolphin sold 31,140 units in June, up 200.12 percent year-on-year and 1.50 percent from May.

In the first half of the year, BYD Dolphin sold 162,848 units, an increase of 178.31 percent year-on-year.

BYD Han family models sold 23,206 units in June, down 8.78 percent year-on-year, but up 13.83 percent from May.

In the first half of the year, the Han family of models sold 97,223 units, up 86.14 percent year-on-year.

On March 16, BYD let the 2023 Han EV go on sale. On May 18, BYD let the Han DM-i and Han DM-p facelift models go on sale.

BYD Seagull sold 23,005 units in June. The model was launched on April 26 with a starting price of RMB 73,800, making it the cheapest BYD model.

From April to June, BYD Seagull sold 38,805 units.

BYD Tang sold 12,657 units in June, up 55.61 percent year-on-year and 6.62 percent from May.

In the first half of the year, the Tang sold 69,339 units, up 24.21 percent year-on-year.

BYD made the 2023 Tang DM-i available on March 16 with a starting price of RMB 209,800.

BYD Chaser 05 sold 10,222 units in June, up 36.95 percent year-on-year and down 2.25 percent from May.

In the first half of the year, 39,906 units of the model were sold.

The BYD Seal sold 8,134 units in June, up 0.68 percent from May. The model sold 42,797 units in the first half of the year.

On May 10, BYD officially made the updated version of the Seal available, with a starting price of RMB 23,000 lower than the previously available model.

BYD Frigate 07 sold 8,037 units in June, down 19.67 percent from May. In the first half of the year, 47,667 units of the model were sold.

BYD sold 253,046 NEVs in June, up 88.79 percent from 134,036 units a year ago and up 5.34 percent from 240,220 units in May, according to data released earlier today.

This includes 251,685 new energy passenger vehicles, and 1,361 new energy commercial vehicles.

BYD's Dynasty series passenger cars sold 130,490 units in June, and the Ocean series sold 11,045 units.

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BYD sells record 253,046 NEVs in Jun, sales in H1 exceed 1.25 million

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BYD sells record 253,046 NEVs in Jun, sales in H1 exceed 1.25 million

In the first half of the year, sold 1,255,637 NEVs, up 95.78 percent year-on-year.

BYD (OTCMKTS: BYDDY) saw yet another record sales.

BYD sold 253,046 new energy vehicles (NEVs) in June, up 88.79 percent from 134,036 units a year ago and up 5.34 percent from 240,220 units in May, 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 251,685 passenger NEVs in June, up 109.39 percent from 133,762 units a year ago and up 5.27 percent from 239,092 units in May.

BYD's commercial NEVs sold 1,361 units in June, up 396.72 percent from 274 units in the same month last year and up 20.66 percent from 1,128 units in May.

Among the passenger NEVs, battery electric vehicles (BEVs) sold 128,196 units, up 84.34 percent from 69,544 units in the same month last year and up 7.18 percent from 119,603 units in May.

Its passenger plug-in hybrid vehicles (PHEVs) were 123,489 units, up 92.30 percent from 64,218 units in the same month last year and up 3.35 percent from 119,489 units in May.

In June, BYD sold 10,536 NEVs in overseas markets, up 3.26 percent from 10,203 units in May.

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 storage battery capacity in June was about 11.816 GWh, up 72.27 percent from 6.859 GWh in the same month last year and up 2.85 percent from 11.489 GWh in May.

In the second quarter, BYD's NEV sales were 703,561 units, up 98.17 percent year-on-year and up 27.44 percent from the first quarter.

Its passenger NEV sales in the second quarter were 700,244 units, up 98.13 percent year-on-year and 27.80 percent from the first quarter.

Its passenger BEV sales in the second quarter were 352,163 units, up 95.32 percent year-on-year and up 33.07 percent from the first quarter.

Passenger PHEV sales were 348,081 units in the second quarter, up 101.06 percent year-on-year and 22.88 percent from the first quarter.

In the first half of the year, BYD's NEV sales were 1,255,637 units, up 95.78 percent year-on-year.

BYD aims to sell at least 3 million vehicles this year and strives to reach 3.6 million, the company's chairman and president Wang Chuanfu said in late March.

The figures announced today mean that BYD will need to sell an average of about 290,000 units per month in the second half of the year if it is to reach its annual sales target of 3 million units.

BYD aims to sell at least 3 million vehicles this year

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Neta delivers 12,132 vehicles in Jun, including 1,201 overseas

delivered 36,241 vehicles in the second quarter, up 9.89 percent from a year earlier and up 38.45 percent from the first quarter.

Neta Auto, Hozon Auto's electric vehicle (EV) brand, saw deliveries slip last month after four months of sequential growth.

Neta delivered 12,132 vehicles in June, down 6.88 percent from 13,029 in May and down 7.79 percent from 13,157 in the same month last year, according to data released today.

June deliveries included 1,201 vehicles delivered overseas, according to Neta, which is the first time it has released overseas delivery figures.

Neta's electric sports car, the Neta GT, delivered 1,298 units in June, according to the company, which did not disclose figures for other models.

The company delivered 36,241 vehicles in the second quarter, up 9.89 percent from a year earlier and up 38.45 percent from the first quarter.

In the first half of the year, Neta delivered 62,417 vehicles, down 1.13 percent from 63,131 units in the same period last year.

Neta has been seen as a budget EV maker since its inception in October 2014, as its vehicles have been priced primarily to target the lower end of the market over the past few years. The Neta V and Neta U currently start at RMB 83,900 (11,570) and RMB 118,800 in China, respectively.

The Neta S, its first effort at the premium end of the market, hit the market in China on July 31, 2022, with a current starting price range of RMB 202,800 to RMB 341,800.

On the first day of the Shanghai auto show on April 18, Neta officially launched the Neta GT sports car for a starting price of RMB 178,800 to RMB 227,800. Deliveries of the model began on May 13.

(Image credit: CnEVPost)

Neta announced its strategy to enter overseas markets in November 2021, with the first stop being Thailand.

The right-hand drive version of the Neta V was launched in Thailand on August 24, 2022, its first model offered there.

On March 10, 2023 Neta laid the foundation stone for its factory in Bangkok, Thailand, which will be its main manufacturing base for building right-hand drive electric vehicles for export to ASEAN.

On May 11, Neta announced its entry into Malaysia, officially launching the right-hand drive version of the Neta V for local consumers at the largest auto show in the region.

On June 6, Neta announced that 4,000 Neta EVs were shipped abroad, the latest new batch after 3,600 units were sent to overseas markets in March.

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Neta deliveries in Jun: 12,132

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Leapmotor delivers record 13,209 vehicles in Jun as pivot to EREVs seems to be paying off

In June, Leapmotor's flagship C-series model delivered more than 11,600 units, contributing more than 87 percent of total deliveries.

Leapmotor delivers record 13,209 vehicles in Jun as pivot to EREVs seems to be paying off-CnEVPost

Leapmotor delivered a record number of vehicles last month, as the company's move to add extended-range electric vehicle (EREV) offerings appears to have worked to boost sales.

The company delivered 13,209 vehicles in June, surpassing the previous record of 12,525 vehicles last August, according to figures released today.

That's up 17.32 percent from 11,259 units a year ago and up 9.55 percent from 12,058 units in May.

Leapmotor delivered 33,993 vehicles in the second quarter, up 11.76 percent year-on-year and up 223.47 percent from the first quarter.

Leapmotor delivers record 13,209 vehicles in Jun as pivot to EREVs seems to be paying off-CnEVPost

In the first half of the year, the company delivered 44,502 vehicles, down 14.41 percent from 51,994 in the same period last year.

By the end of June, Leapmotor had delivered 206,171 vehicles since its inception, according to data monitored by CnEVPost.

In June, Leapmotor's flagship C-series model delivered more than 11,600 units, contributing more than 87 percent of total deliveries, the company said today.

Of the total, more than 8,900 units of the flagship SUV model, the C11 series, were delivered, it said.

Founded in 2015 and headquartered in Zhejiang, Leapmotor's models on sale include the mini vehicle T03, the coupe model S01, the flagship SUV C11, and the flagship sedan C01.

Leapmotor has been seen as a budget EV maker for the past few years, with sales mainly contributed by the inexpensive T03, which currently has a starting price range of RMB 59,900 ($8,260) to RMB 89,900.

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

Leapmotor delivers record 13,209 vehicles in Jun as pivot to EREVs seems to be paying off-CnEVPost

(Image credit: CnEVPost)

Deliveries of Leapmotor declined significantly starting in the fourth quarter of last year, falling to 1,139 units by January of this year, the lowest since March 2021.

To reverse the sales decline, Leapmotor announced plans last year to release an EREV model to target the market for larger plug-in hybrids. All of Leapmotor's previous models were battery electric vehicles (BEVs).

On March 1, Leapmotor officially launched the C11 EREV and offered 2023 models for the previously available BEVs, allowing for lower starting prices. Deliveries of the C11 EREV began in March.

Leapmotor will release an EREV variant of its flagship sedan, the C01, in July-August of this year, the company's founder, chairman and CEO Zhu Jiangming said previously.

Starting with the B-series models, all future new Leapmotor models will be offered in both BEV as well as EREV versions, Zhu said.

In late March, Leapmotor management said the company was targeting 200,000 units in 2023, nearly double the number of units sold in 2022.

Leapmotor delivered 111,168 vehicles in 2022, up 157.80 percent from 43,121 in 2021.

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Leapmotor deliveries in Jun: 13,209

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Nio deliveries rebound to 10,707 units in Jun as new models bring relief

delivered 23,520 vehicles in the second quarter, above the lower end of the guidance range of 23,000 to 25,000 vehicles.

Nio (NYSE: NIO) deliveries rebounded to more than 10,000 units as new models, including the new ES6, ET5 Touring and new ES8, began to be delivered.

The electric vehicle (EV) maker delivered 10,707 vehicles in June, up 73.96 percent from 6,155 in May, although down 17.39 percent from 12,961 in the same month last year, according to data released today.

The delivery included 6,383 SUVs, and 4,324 sedans, Nio said, without disclosing figures for specific models.

In the second quarter, Nio delivered 23,520 vehicles, down 6.14 percent from 25,059 in the same period last year and down 24.23 percent from 31,041 in the first quarter.

The second quarter deliveries were slightly above the lower end of the guidance range of 23,000 to 25,000 vehicles it provided on June 9. Nio guided at the time that total revenue for the second quarter would be between RMB 8.742 billion ($1.2 billion) and RMB 9.37 billion.

In the first half of the year, Nio delivered 54,561 vehicles, up 7.35 percent year-on-year.

As of June 30, Nio's cumulative vehicle deliveries reached 344,117 units.

Nio management previously mentioned that the company's goal is to double deliveries this year from last year's 122,486 units.

The figures released today mean that Nio will need to deliver an average of about 32,000 vehicles per month in the second half of the year if it is to achieve that goal.

Nio's delivery rebound in June was helped by the start of deliveries of several new models, particularly the new ES6, which is crucial to it.

The company launched the new ES6, based on the NT 2.0 platform, in China on May 24, and its deliveries began that night.

(Image credit: CnEVPost)

The new ES6 is currently available in only one version in China, starting at RMB 338,000 including batteries, the cheapest Nio SUV.

NIO's overall new order intake hit a year-to-date high, boosted by the launch of the new ES6, Morgan Stanley analyst Tim Hsiao's team said in a research note sent to investors on June 5.

On June 15, Nio launched the ET5 Touring in China, priced exactly the same as the regular ET5 sedan, which currently starts at RMB 298,000. Deliveries of the model began on June 16.

Hours after the ET5 Touring was launched in China, Nio rolled out the model as well as the EL6, known as the new ES6 in China, in Europe .

Both models will be available in Germany, the Netherlands, Sweden, Denmark and Norway, and deliveries will both begin in the fourth quarter in Europe.

On June 28, Nio began deliveries in China of the new ES8, the flagship SUV launched on Nio Day 2022, December 24, 2022.

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NIO's new order intake hits year-to-date high with launch of new ES6, Morgan Stanley says

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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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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.

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GAC Aion sales in Jun: 45,013

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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.

($1 = RMB 7.2523)

Li Auto deliveries in Jun: 32,575

The post Li Auto delivers record 32,575 vehicles in Jun, aims for 40,000 monthly deliveries in Q4 appeared first on CnEVPost.

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