CnEVPost Newsletter: Xpeng G6 order rumors; China's dual-credit policy update
CnEVPost Newsletter: Xpeng G6 order rumors; China's dual-credit policy update
Xpeng G6 rumored to get 28,000 firm orders in 4 days after launch
Never before has any Xpeng model been so popular, said a store employee, according to a local media report.
Xpeng works to boost capacity as G6 wait time exceeds 10 weeks
As of July 5, Xpeng's US-traded ADR was up about 75 percent cumulatively since June 9, when the G6 began pre-sales.
BYD launches Dolphin EV in Singapore
BYD launched the Dolphin in Hong Kong in late May and brought the model to Australia and Brazil in late June.
These car companies have pledged to regulate their marketing activities and not to disrupt the order of fair competition in the market with abnormal prices.
China issues new rules that will give automakers 40% fewer credits for each NEV produced
China has revised its dual-credit policy, one of the key drivers of the rapid growth of the NEV industry, and the changes will take effect on August 1.
Chinese automakers have now crossed the inflection point for global influence, with local brands expected to hold 65 percent of the market share in China by 2030, AlixPartners said.
Svolt Energy begins construction of battery pack assembly facility in Thailand
The plant will have two production lines for assembling battery modules and packs, with construction expected to be completed by the end of 2023.