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CnEVPost Newsletter: NIO's local peers react to launch of new ES6; BYD and Great Wall rivalry intensifies
The launch of the new ES6 has triggered rare reactions from several of NIO's local counterparts, highlighting the fierce competition in China's EV market.
Deliveries of the new ES6 began in 13 regions on the night of its launch on May 24, although NIO officially announced that deliveries would begin on May 25.
Great Wall Motor's Haval H6 was the best-selling SUV for years, but that spot has been taken by BYD's Song family of models.
The 2023 Song Pro DM-i starts at RMB 5,000 less than the model's 2022 counterpart, but the two lower-priced versions come with larger battery packs.
XPeng aims to reach 15,000 monthly deliveries in the third quarter and 20,000 monthly deliveries in the fourth quarter, its management said.
Li Auto is hiring talent in China as well as abroad, and some of its core executives recently visited Silicon Valley, according to local media.
The Baojun Yep is available in two versions, with the pricier one equipped with a smart driving system developed by SAIC-GM-Wuling with drone maker DJI.
Retail penetration of NEVs in China was 35.6 percent in the first three weeks of May.
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This comes after battery-grade lithium carbonate saw 15 consecutive days of gains and 18 consecutive days of gains for industrial-grade lithium carbonate.
China's auto exports in April were 424,200 units, up 9.61 percent from March and up 142.40 percent year-on-year.
Wholesale sales of NEVs in China from May 1 to May 21 were 361,000 units, up 81 percent year-on-year and up 10 percent from the same period last month.
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