CnEVPost Newsletter: China Aug NEV sales
Retail penetration of NEVs in China stood at 37.3 percent in August, up 9 percentage points from 28.3 percent a year earlier and up from 36.1 percent in July.
Tesla's share of the Chinese BEV market was 13.18 percent in August, up from 7.46 percent in July.
This is Xpeng's first warm-up for the X9, an MPV that is expected to be officially launched in the fourth quarter.
Li Auto has formed certain goals for the project and will see phased results next year, according to local media.
The C01 EREV will feature battery packs with a capacity of up to 43.7 kWh, thus offering a battery range of up to 316 kilometers, which is higher than some versions of its T03 BEV.
Battery-grade lithium carbonate prices are still sinking, but lithium suppliers have begun to cut production and the market is looking forward to the September-October demand season, TrendForce said.
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