CnEVPost Newsletter: Li Auto raises H2 sales forecast; BYD to build industrial complex in Brazil
Nio has given its supply chain a full-year sales forecast of 240,000 units, according to local media.
Li Auto has completed its latest 100,000-vehicle delivery in less than four months.
The Tesla Model Y was the best-selling new energy SUV and the Model 3 was the best-selling new energy sedan in China last week.
Berlin innovation center will help Nio's electric vehicles get smarter in Europe and worldwide, the company said.
Nio had sales of 4,100 units last week, up 28.13 percent from 3,200 units the week before.
BYD will invest $620 million in the facility, which will include an electric bus and truck chassis plant, a new energy passenger car plant, and a processing plant specializing in LFP battery materials.
Denza officially launched the Denza N7 on July 3, targeting the market where Tesla Model Y is located with a starting price of RMB 301,800.
This is below the CPCA's June 25 estimate of about 670,000 units.
Volkswagen China and FAW-Volkswagen plan to jointly invest about 800 million yuan in charging station operator CAMS to accelerate the deployment of charging network in China.
CATL's battery installed base grew 59.6 percent year-on-year in January-May, while BYD's grew 107.8 percent year-on-year, according to SNE Research.
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